Hazard Definition Vs Risk
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Main difference hazard vs risk.
Hazard definition vs risk. The risk whose result can be measured in monetary terms. A risk is the chance high or low that any hazard will actually cause somebody harm. By hazard we mean those elements which can affect the. Both these words are associated with danger or harm to your health or life.
The relative difference of actual loss from the anticipated loss is called objective risk. It is one whose measurement in monetary terms is not possible. A hazard is any source of potential damage harm or adverse health effects on something or. Hazard and risk are two terms that are related to safety and security.
There are many definitions for hazard but the most common definition when talking about workplace health and safety is. Key difference hazard vs risk. Electricity chemicals working up a ladder noise a keyboard a bully at work stress etc. A hazard is something that can cause harm e g.
The risk of personal danger may be high. For example one dictionary defines hazard as a danger or risk which helps explain why many people use the terms interchangeably. For example working alone away from your office can be a hazard.
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