Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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33. In the early stages of a Risk Assessment, one must consider what when picking a subject of study:

a Scope of the problem/issue

b The extent of the risk to humans

c The probability of exposure

d Funding opportunities

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Risk assessment is the evaluation of workplace risks to make the work environment a safe and secure place to work. It has the major role in protecting workers and organization operations along with adhering to the legal guideline of the law. every organization is required to manage risks in its business in order to reduce accidents or any other damage in the workplace premises. Thus, businesses must consider risk analysis, risk impact, and Cost of Solutions for performing as per statutory procedures. 

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