The terms 'hazard' and 'risk' are interchangeable because they have the same meaning when it comes to hazard analysis.

Question

Quizplus · Accepted Answer

Hazard and risk are not interchangeable terms. A hazard refers to a potential source of harm, while risk is the likelihood that harm will occur. In hazard analysis, hazards are identified and then assessed for their likelihood and severity, resulting in a determination of the level of risk associated with the hazard.

The Terms 'Hazard' and 'Risk' Are Interchangeable Because They Have