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Firefighters are exposed to risks of fire and building collapse during their work.. In simple terms, risk is the possibility of something bad happening. [1] Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. [2]
Risk is the probability that exposure to a hazard will lead to a negative consequence, or more simply, a hazard poses no risk if there is no exposure to that hazard. Risk is a combination of hazard, exposure and vulnerability. [11] For example in terms of water security: examples of hazards are droughts, floods and decline in water quality. Bad ...
They can be reversible or irreversible, and a compromise must be found by the physician and the patient between the beneficial or life-saving consequences of surgery versus its adverse effects. For example, a limb may be lost to amputation in case of untreatable gangrene, but the patient's life is saved.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
An erosion gully in Australia caused by rabbits, an unintended consequence of their introduction as game animals. In the social sciences, unintended consequences (sometimes unanticipated consequences or unforeseen consequences, more colloquially called knock-on effects) are outcomes of a purposeful action that are not intended or foreseen.
Originally coined to describe military operations, [1] it is now also used in non-military contexts to refer to negative unintended consequences of an action. [ 2 ] [ 3 ] Since the development of precision-guided munitions in the 1970s, military forces often claim to have gone to great lengths to minimize collateral damage.
Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).
fault tree. A cascade effect is an inevitable and sometimes unforeseen chain of events due to an act affecting a system. [1] If there is a possibility that the cascade effect will have a negative impact on the system, it is possible to analyze the effects with a consequence / impact analysis.