10 Questions
What is the difference between safety and security?
Safety is freedom from danger, while security is the measures to prevent danger
What is an accident, according to the text?
An occurrence resulting in fatal or serious injury or major damage
What is an incident, according to the text?
An occurrence resulting in minor injury or minor damage
What is the definition of hazard?
The potential to cause harm or damage
What is the definition of risk?
The chance of harm occurring multiplied by the severity of harm
Who is accountable for managing a particular risk?
Risk owner
What is the difference between risk and uncertainty?
Risk has known probability, while uncertainty does not
What is ignorance, according to the text?
The lack of knowledge about future events
What level of uncertainty has a known probability of occurrence of future events?
Risk
What is certainty, according to the text?
Knowing exactly what will occur in the future
This quiz assesses your knowledge of risk management, particularly the risk matrix, which helps organizations evaluate and prioritize potential risks. Test your understanding of risk analysis and its applications.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
