Question

The concept of risk management is based on an assessment of benefits gained compared to the ___ :

A. risks involved.
B. safety-first mindset.
C. loss of life expected.
D. risk to equipment on scene.

Answer 1

Risk management is based on assessing benefits gained compared to risks involved. It involves identifying, assessing, and prioritizing risks, and implementing strategies to minimize or mitigate those risks.

Step-by-step explanation:

The concept of risk management is based on an assessment of benefits gained compared to the risks involved. Risk management involves identifying, assessing, and prioritizing risks, and then implementing strategies to minimize or mitigate those risks. This can include measures such as safety protocols, contingency plans, insurance, and evaluating the potential impact of risks on equipment and resources.