Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between Risk, Threat & Hazard?
- 6 Answers
- 45039 Views
- IIRM, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / chris
A volcano is a hazard.
If the volcano erupts, the lava is a threat to people
downhill, and the ash cloud is a threat to airplanes (i.e.
the potential hazard has materialized into something
tangible - a threat)
The risk (as a noun) is the likelihood of being injured by
the threat caused by the hazard. If the volcano is dormant,
the lava threat is zero and the risk of being burned by
lava is also zero. If the volcano erupts, the lava threat
is no longer zero, and the risk depends (amongst other
things) on how close you are to the eruption
| Is This Answer Correct ? | 25 Yes | 4 No |
Answer / emad rizkalla
threat : one has potential to harm others
hazard : source , action and situation with potenial to cause harm
risk : combination of occurence of harm ( liklehood) and sever of that harm ( consequences)
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / aaron
Threat: A person, place, thing, or combination thereof that has the potential to cause harm. The potential for a volcanic eruption is a threat.
Hazard: The point of interaction between a Threat and a person, place, or thing. An individual volcano is a hazard.
Risk: The combination of Probability (can it happen?), Vulnerability (can it hurt me?), and Consequence (do I care?).
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rahul
threat = An expression of an intention to inflict pain,
injury, evil, or punishment.
risk = To expose to a chance of loss or damager.
hazard = A chance of being injured or harmed.
peril = Imminent danger.
Now if these definitions sound the same, don't blame me coz
they words themselves sound pretty close...hope dis helps.
| Is This Answer Correct ? | 13 Yes | 15 No |
Answer / vasavi
Hazards are obstacles that could cause one harm or
misfortune. A road hazard, such as a sharp turn, is
dangerous if you are not aware of it. A risk is a chance
that one takes in a plan. And An act of coercion wherein a
negative consequence is proposed to elicit
Response is called as threat
| Is This Answer Correct ? | 6 Yes | 8 No |
Answer / munish yadav
Risk: Chance/probability of loss. (quantifiable)
Peril: Cause of loss.
Hazard: Anything that increases the likelihood of loss.
Example1: Smoking (Hazard) increases the likelihood of a
house fire/illness (Loss).
Example2: If a house burns down (Loss), then fire is the peril.
Regards,
Munish Yadav
| Is This Answer Correct ? | 1 Yes | 3 No |
What is needed for insurance?
What are the hurdles you faced in past job?
0 Answers IBPS, State Bank Of India SBI,
What is inflation? It is good or bad?
What will you comment on women empowerment?
what r the top fifty comapnies in nifty and top thirty comapnies in sesex?
What requirements does a company need to comply with before accepting the deposits?
What is the difference between primary and secondary market?
I buy a piece of equipment; tell me the impact on the 3 financial statements.
Who insures the banks in india?
Why should I invest in Mutual fund which is not secured rather than investing in Any Nationalized bank which is giving me guaranteed interest rate of 9.5% per annum which is also more secured?
What is Cash profit?
What is m-commerce?
-
Business Administration (517) - Marketing Sales (1279)
- Banking Finance (3208)
- Human Resources (747)
- Personnel Management (68)
- Hotel Management (29)
- Industrial Management (113)
- Infrastructure Management (14)
- IT Management (97)
- Supply Chain Management (16)
- Operations Management (39)
- Funding (79)
- Insurance (494)
- Waste Management (1)
- Labor Management (48)
- Non Technical (73)
- Business Management AllOther (546)
