Answer: Three components of risk for a business are values, hazard, probability
Explanation: Each of these components is assessed independently. Then, the three outputs are evaluated in a final step that provides the relative risk for the fire. Each risk component is defined by three variables. One variable is located on the right and one on the left side of the box and the third variable is defined by three interior lines extending from top to bottom.
Values are those ecological, social, and economic resources that could be lost or damaged because of a fire.
The hazard in wildland fire is composed of the following:
Conditions under which the fire occurs and exists
- The ability of the fire to spread and circulate
- The intensity and severity of the fire may present
- The spatial extent of the fire.
probability refers to the likelihood of a fire becoming an active event with the potential to adversely affect values.