What is the difference between risk avoidance and risk prevention?
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Answer:
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Risk avoidance is the risk assessment technique that entails eliminating hazards, activities and exposures that place an organization's valuable assets at risk.
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8 Examples of Risk Prevention
Risk prevention is the process of avoiding risk or reducing the probability and impact of risk. The following are common elements of a risk prevention process.
Risk Identification
The process of identifying the risks associated with a strategy, decision, process, procedure, event or action.
Risk Analysis
Determining the probability, impact and triggers of identified risks
Explanation:
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Answer:
Risk avoidance is to avoid any activity that may cause any risk
And Risk prevention is the measure taken before in order to prevent new risks and to stop development of new risks