◾ What is your definition of risk? ◾
Risk is the probabilit..
Published: February 13th 2024, 11:00:26 pm
◾ What is your definition of risk? ◾
Risk is the probability of an undesirable event or loss associated with a particular activity, decision or event. 🤨🥀It expresses the degree of uncertainty and potential threats to the achievement of desired outcomes or goals.🙂💥 At its core, risk is the probability of negative consequences, which may involve financial loss, health damage, loss of reputation, and so on.💪😆
Risk can be assessed and measured in a variety of ways, including probability models, statistical data, and expert judgment. 🤗🐾Effective risk management involves identifying, analyzing, evaluating, and managing risk in order to minimize negative consequences or maximize positive outcomes in decision making.🙄🙄
