Final answer:
Risk communication involves an interactive exchange of information on risk among risk assessors, managers, and interested parties, and is fundamental in managing risks across various sectors.
Step-by-step explanation:
The interactive exchange of information and ideas on risk among risk assessors, risk managers, and other interested parties is known as risk communication. This process is crucial for effectively managing risks in various fields, including public health, environmental science, finance, and more. Risk communication is a dialogue that helps stakeholders understand the nature of the risk, the potential impacts, and the steps that can be taken to mitigate or adapt to the risk. It is not solely about providing information but also listening to concerns and incorporating them in the decision-making process.