Potential Hazards Identified in a PHA Will Often Affect the

question 47

Multiple Choice

Potential hazards identified in a PHA will often affect the

• A) Probability of failure side of the risk equation.
• B) Consequence of failure side of the equation

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Definitions:

Sales Puffery

Exaggerated or boastful statements about a product or service that are not meant to be taken literally and are thus not legally binding promises or warranties.

Justifiably Relied

A principle where a party's action or decision is based on another's representations or promises, perceived as reasonable.

Representation

The act of standing in for or acting on behalf of others, or the presentation of information in a particular manner.

Detrimental Reliance

A legal term describing a situation where an individual suffers harm by relying on a promise or representation made by another.