What is the difference between Risk, Threat & Hazard?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How Does The Single Supervisory Mechanism Operate?

620


Which bank comes under the category of apex banks.

648


What is a Fixed Deposit? What is the minimum period of FD?

589


What is goodwill? How does it affect net income?

745


How will you differentiate between direct and indirect taxes?

664






What are mutual funds? Why are mutual funds better than stocks?

594


When rbi was established?

588


Is there any ethical dilemma that the banks face?

711


how to sell a pen

1172


What is kyc? Why is it important?

612


What do you mean by 'plan expenditure'?

742


What Entry Will Be Passed When Shares Are Issued Other Than Cash?

603


Reasons of Nifty Fluctuation in details ?

881


Is there any act if a cheque is bounced?

629


What is the Full form of IMPS and what are the features and benefits?

651