Is There a Difference Between "A Risk" and "A Hazard

question 3

Multiple Choice

Is there a difference between "a risk" and "a hazard"?

• A) There is no difference, the two words are synonyms.
• B) Yes: something is "hazardous" if it has a potential to harm, "a risk" is a likelihood of a hazard doing harm.
• C) Yes: something is "risky" if it has a potential to harm, "a hazard" is a likelihood of harm happening.

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Definitions:

Relative Market Shares

A metric comparing a company's market share to that of its largest competitor, indicating competitiveness in a market.

Growth-Share Matrix

A strategic tool used for portfolio analysis, categorizing a company’s business units or products into four quadrants based on market growth rate and relative market share.

Tortoises

Slow-moving, terrestrial turtles often characterized by a dome-shaped shell and long lifespan.

Quadrants

The four sections created when a plane is divided by its horizontal and vertical axes, often used in mathematics, graphing, and strategic analysis.