Final answer:
The second step, assess hazards, in the 5-step Risk Management Process involves evaluating the severity of risks.
Step-by-step explanation:
The second step, assess hazards, in the 5-step Risk Management Process involves evaluating the severity of risks. This step helps identify and understand potential hazards or dangers present in a situation.
By assessing hazards, we determine the level of risk associated with each hazard and prioritize them accordingly.