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determination of quantitative or qualitative estimate of risk related to a concrete situation or a threat that is recognized is called risk assessment( called Hazard too ). quantitative requires calculation of two components of risk, potential loss and the probability the loss will occur.
an acceptable risk is the risk that is considered tolerable since the returns exceed the loss that is expected after evaluation( risk assessment portal, 2013). assessment Health risk consists variations, such as risk as the type and severity of response, bearing or not bearing a probabilistic context( ISM CODE,2010).
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