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Risk assessment

Quiz by Prakash Vir Sharma

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12 questions
Show answers
  • Q1
    What is the first step in the risk assessment process?
    Implement risk controls
    Identify hazards
    Monitor and review risks
    Develop a risk management plan
    30s
  • Q2
    What is the definition of 'risk' in the context of risk assessment?
    The likelihood and consequence of harm
    The likelihood of harm only
    The consequence of harm only
    The potential for harm
    30s
  • Q3
    What is the difference between a hazard and a risk?
    There is no difference
    A hazard is the likelihood and consequence of harm, while a risk is a potential source of harm
    A hazard is a potential source of harm, while a risk is the likelihood and consequence of that harm occurring
    A hazard is a specific type of risk
    30s
  • Q4
    What is the purpose of risk assessment?
    To identify and evaluate potential risks and implement measures to control or eliminate them
    To accept all potential risks
    To eliminate all potential risks
    To transfer all potential risks
    30s
  • Q5
    What is the key to effective risk management?
    Developing a comprehensive risk management plan
    Transferring all potential risks
    Implementing multiple layers of controls
    Regular monitoring and review
    30s
  • Q6
    What is the difference between qualitative and quantitative risk assessment?
    Qualitative risk assessment involves numerical measurement, while quantitative risk assessment assesses risks without numerical measurement
    There is no difference
    Qualitative risk assessment assesses risks without numerical measurement, while quantitative risk assessment involves numerical measurement of risks
    Quantitative risk assessment is more subjective than qualitative risk assessment
    30s
  • Q7
    What are the three elements of risk?
    The likelihood of harm, the consequences of harm, and the context in which the harm occurs
    The potential for harm, the opportunities for harm, and the consequences of harm
    The likelihood of harm, the severity of harm, and the location of harm
    The likelihood of harm, the duration of harm, and the severity of harm
    30s
  • Q8
    What is the purpose of risk controls?
    To accept potential risks without any intervention
    To transfer potential risks to others
    To eliminate or reduce the likelihood and consequence of harm
    To increase the likelihood and consequence of harm
    30s
  • Q9
    What is a risk matrix?
    A tool used to increase the likelihood and consequence of harm
    A tool used to eliminate all potential risks
    A tool used to assess and prioritize risks based on their likelihood and consequence
    A tool used to transfer risk to others
    30s
  • Q10
    What is the difference between a hazard identification and a risk assessment?
    Hazard identification assesses risks without numerical measurement, while risk assessment involves numerical measurement of risks
    Hazard identification is the process of identifying potential hazards, while risk assessment is the process of evaluating the likelihood and consequence of harm
    Risk assessment is the process of identifying potential hazards, while hazard identification is the process of evaluating the likelihood and consequence of harm
    There is no difference
    30s
  • Q11
    What is the difference between qualitative and quantitative risk assessment?
    Quantitative risk assessment is more subjective than qualitative risk assessment
    Qualitative risk assessment involves numerical measurement, while quantitative risk assessment assesses risks without numerical measurement
    There is no difference
    Qualitative risk assessment assesses risks without numerical measurement, while quantitative risk assessment involves numerical measurement of risks
    30s
  • Q12
    What is the difference between a hazard identification and a risk assessment?
    Risk assessment is the process of identifying potential hazards, while hazard identification is the process of evaluating the likelihood and consequence of harm
    Hazard identification assesses risks without numerical measurement, while risk assessment involves numerical measurement of risks
    There is no difference
    Hazard identification is the process of identifying potential hazards, while risk assessment is the process of evaluating the likelihood and consequence of harm
    30s

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