What is risk analysis? How is it used?

What will be an ideal response?


Risk analysis is an analytical methodology normally associated with insurance and investments. However, risk analysis can be used to analyze the workplace, identify hazards, and develop strategies for overcoming these hazards. The risk analysis process focuses on two key questions:
(i) How frequently does a given event occur?
(ii) How severe are the consequences of a given event?

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What term does Navistar use to describe what Caterpillar calls an intensifier piston?

A. enhancement B. amplifier C. magnifier D. proportioner

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Which of the following personality attributes describes the degree of rigidity of a person's

beliefs?

a. Authoritarianism b. Locus of control c. Dogmatism d. Risk propensity e. None of these

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How often should a low-efficiency panel filter be changed?

A) Weekly B) Quarterly C) Monthly D) Once or twice a year

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How often should throwaway filters be checked?

What will be an ideal response?

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