Which of the following statements about risk, risk assessment, and risk management is CORRECT?
A)Risk assessment is the quantitative and qualitative characterization of risks so that they can be compared, contrasted and managed.
B)Risk assessment estimates the probability that an event will occur and helps us determine how we can best avoid, reduce, or eliminate a particular risk.
C)Based on risk assessment calculations, to reduce the risk of cancer it is more important to stop smoking than to stop drinking bottled water.
D)All of the above statements about risk, risk assessment, and risk management are correct.

Question

Quizplus · Accepted Answer

All the statements provided offer a correct perspective on risk, risk assessment, and risk management. Statement A correctly defines risk assessment as both a quantitative and qualitative process. Statement B accurately describes the purpose of risk assessment in estimating probabilities and determining mitigation strategies. Statement C provides a practical example of how risk assessments can prioritize risk reduction activities, emphasizing the greater relative risk of smoking compared to drinking bottled water.

Which of the Following Statements About Risk, Risk Assessment, and Risk