Explain Risk Assessment and Risk Management

question 39

Essay

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

Understand the definitions and concepts related to waste products in mining such as tailings, gangue, spoil, and acid mine drainage.

Describe the characteristics and environmental impacts of acid mine drainage.

Recognize different types of rocks (sedimentary, metamorphic, igneous) and their formation processes.

Identify various mining methods (surface and subsurface) and their environmental implications.

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Definitions:

Barter

Trading goods or services directly without the use of money as a medium of exchange.

Demand Deposits

Balances in bank accounts that depositors can access on demand by writing a check.

Liquid

In financial terms, describes assets that can be easily converted into cash without much loss in value.

Demand Deposits

Accounts held in banks that can be withdrawn at any time without any advance notice to the financial institution.