Define Risk Assessment and Risk Management

question 57

Essay

Define risk assessment and risk management. Discuss how risk management combines science and other social factors.

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Definitions:

Social Environments

The immediate physical and social setting in which people live or in which something happens or develops, including the culture, institutions, and people that influence an individual's life.

Ability Traits

Ability traits are characteristics or features of individuals that refer to their capabilities or talents in various domains such as intelligence, creativity, or specific skills.

Emotional Tone

The underlying mood or atmosphere conveyed by an individual's expressions, words, or overall demeanor.

Five Factor Model

A model that describes human personality using five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.