When performing a risk assessment, all risk should be eliminated, no matter the cost of the control.

O True O False

Question

Business

Griffen

3 January, 13:47

When performing a risk assessment, all risk should be eliminated, no matter the cost of the control.

O True O False

+1

Answers (1)

Know the Answer?

Alicia Huber · Answer 1

False

Explanation:

Risk Assessment refers to a process designed to identify possible risks and hazards at workplace which can potentially cause harm particularly to people.

Once the risks are identified, they need to be evaluated on the basis of their likeliness or chances of occurrence.

Risk control refers to the actions undertaken for evaluating risk evaluation decisions.

It is noteworthy that only those risks can be eliminated which are successfully identified and thus there will always be a possibility of some risks going unidentified.

Hence it is not practically possible to eliminate all risks.

Hence the given statement is False.

When performing a risk assessment, all risk should be eliminated, no matter the cost of the control.O True O False

When performing a risk assessment, all risk should be eliminated, no matter the cost of the control.

O True O False