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Explain What Is Involved in Risk Assessment and When This

question 25

Essay

Explain what is involved in risk assessment and when this approach is used.


Definitions:

Individual

Referring to a single human being as distinct from a group, class, or family, emphasizing personal identity and autonomy.

Property

Legal rights or interests in tangible or intangible assets, such as land, buildings, or intellectual property.

Trust

Confidence in the reliability, truth, ability, or strength of someone or something.

Wills

Legal documents that specify how a person's assets will be distributed and affairs handled after their death.

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