What is acceptable risk ?
Answers
Answer:
Tolerable risk: risk that is accepted in a given context based on the current values of societ. For those who prefer to deal in terms of acceptable risk, it is defined as that risk which is tolerated in a given context based on current values of society.
The term "acceptable risk" describes the likelihood of an event whose probability of occurrence is small, whose consequences are so slight, or whose benefits (perceived or real) are so great, that individuals or groups in society are willing to take or be subjected to the risk that the event might occur.
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Answer:
level of human and or material injury or loss from an industrial process that is considered to be tolerable by a society authorities view of social political and economic cost benefits analysis
the acceptable risk was deemed to be at a level that was acceptable for the time being so we proceeded