Acceptable risk is the risk we are willing to endure in a given situation. Most of us agree that the acceptable risk of driving in a car is high whereas the acceptable risk from a nuclear power plant is low.
The amount of possible losses that a society or group deems acceptable given the current social, economic, political, cultural, technological, and environmental conditions is known as an acceptable risk.
for example, A snowboarder calculates that the likelihood of breaking a bone during a season is 20%. Given the rewards they find in the sport, they determine that this is acceptable. a level of risk exposure that is considered acceptable by a person, organization, community, or country.
Risk evaluations are crucial because they are a crucial component of a management strategy for occupational health and safety. They aid in: Raising people's awareness of risks and hazards. Decide who might be at risk (e.g., employees, cleaners, visitors, contractors, the public, etc.).
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