Question: QUESTION / SOALAN MARKS / MARKAH Risk is a combination of the likelihood of an occurrence of a hazardous event within a specified period or
QUESTION SOALAN
MARKSMARKAH
Risk is a combination of the likelihood of an occurrence of a hazardous event within a specified period or in specified circumstances and the severity of injury or damage to the health of people, property, environment or any combination of these caused by the event.
Discuss the importance of considering both severity and likelihood in risk assessment, and explain how these factors influence decisionmaking and risk management strategies.
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