What Does Risk Assessment Mean?


A risk assessment is a procedure. It is undertaken in order to discover if there are any possible adverse effects that could harm people or animals. It is performed before any decisions are made about a particular action, so as to allow time for feedback and response.
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Risk Assessment
The process of determining the likelihood that a specified negative event will occur. Investors and business managers use risk assessments to determine things like whether to undertake a particular venture, what rate of return they require to make a... More »
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