Risk Assessment Quiz

What is risk?

• The certainty of gaining something of value

• The potential of losing something of value

• The guarantee of a positive outcome

• The absence of any uncertainty

Which of the following is NOT a type of risk mentioned in the document?

• Safety risk

• Health risk

• Financial risk

• Environmental risk

What is a safety risk?

• A hazard with a potential source of harm or adverse health effect

• A condition that affects people's health

• A financial loss due to market fluctuations

• An unpredictable and uncontrollable outcome

Which of the following is a self-protection tactic to limit safety risks?

• Eating a balanced diet

• Wearing seat belts

• Saving money

• Exercising regularly

What can affect health risk according to the document?

• Financial stability

• Age and overall health conditions

• Education level

• Employment status

Which of the following is an example of a health condition that can increase health risk?

• Wearing helmets

• Installing smoke alarms

• Having diabetes or cancer

• Implementing work safety policies

What is the definition of financial risk?

• The certainty of a gain

• The possibility of a loss

• The elimination of all risks

• The guarantee of earning potential

Which of the following is NOT one of the four ways to manage risk?

• Risk avoidance

• Risk transfer

• Risk elimination

• Risk retention

What does risk avoidance refer to?

• Reducing the extent of a loss

• Completely avoiding an activity which poses a potential risk

• Transferring the risk to another party

• Retaining the risk and accepting the potential loss

What is an example of employing risk reduction?

• Avoiding all risky activities

• Transferring the risk to an insurance company

• Installing a security alarm and smoke detectors

• Accepting the potential loss and not taking any action