Question $1(1$ point$)$

What is the definition of "risk management"?

Probability of suffering harm from exposure to hazard or unsafe situation.

Potential source of danger or harm.

Systematic approach to identifying and understanding potential risks associatec with a specific environment and situation.

Examination of risk associated with a certain activity or task to then make decision sabout how to proceed with correct level of caution to accomplish the task while maintaining a safe environment.

Question $2(1$ point$)$

What does "FDA" stand for in the context of this video?

Financial Damage Associatition

First Drop Analysis

Franchise Dominate Advertising

Food and Drug Administration

Question $3(1$ point$)$

What is a "cost$-$benefit analysis"?