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Quantification of Risk Is Difficult, and There Are Different Types

question 33

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Quantification of risk is difficult, and there are different types of risks like stand-alone risk, market risk and political risk. Sensitivity analysis is a good technique to measure market risk.


Definitions:

Environmental Justice

Ensuring that people, no matter their ethnicity, color, country of origin, or financial situation, are treated fairly and play a meaningful role in the formulation, enforcement, and carrying out of policies, laws, and regulations related to the environment.

Environmental Racism

The practice of placing environmentally hazardous sites near marginalized communities based on race or socioeconomic status.

Smart-Growth

An urban planning and transportation theory that focuses on sustainable development and environmental protection.

Bystander Effect

A phenomenon within social psychology where individuals become less inclined to assist a victim when there are other bystanders around.

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