What is the definition of risk?
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its a situation involving exposure to danger......................
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Risk:
Risk is a possibility or a situation which is uncertain and involves exposure to danger. Risk is not an outcome of a situation. It varies from person to person. It is part of every person’s life and is a part of human endeavour.
It can also be described as the uncertainty which is measurable as well as unmeasurable. There are different types of risks like economical risk, financial risk, operational risk, etc.
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