A measure of the probability, consequences, and exposure related to an event is referred to as:
Select one:
A. safety
B. evaluation
C. risk
D. Hazard
Answer (2)
A measure of the probability, consequences, and exposure related to an event is called risk . Understanding its components—probability, consequences, and exposure—is crucial in areas like finance and safety management. In contrast to risk, a hazard is a source of potential harm. ;
The measure of probability, consequences, and exposure related to an event is known as risk . It is important to understand the three components of risk: probability, consequences, and exposure. Distinguishing between risk and hazard is also essential, as a hazard is a specific source of potential harm.
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