Which of the following best describes the term, risk?
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Explanation:
9772 is already in the simplest form. It can be written as 1.347222 in decimal form (rounded to 6 decimal places).
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Answer:
Risk is about a possibility of incurring any loss, injury or damage taking place in the event of doing any particular action.
Explanation:
Risk can be well defined by considering the features of risk:
- The loss taking place must be accidental and not intentional
- Risk could could be within the determinable and measurable units
- Risk should hold some value for the risk bearer.
- Risk usually takes place in dynamic envirnoment
- Risk is pervasive in nature (i.e. risk is present eveywhere and no envirnoment is risk free)
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