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Risk can be defined as the threat or probability that a certain action or event will adversely or beneficially affect an organization's ability to achieve its objectives. In short, it denotes the accurate probability of specific eventualities. According to Keating "risk is the unwanted subset of a set of uncertain outcomes". In this world there are many different definitions of risk. It's up to us what's the perfect meaning of our own risk is.

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βˆ™ 15y ago
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βˆ™ 7mo ago

A risk is an uncertain event or condition that, if it occurs, could have a harmful impact on the achievement of objectives. Risk involves both the probability of occurrence and the potential consequences of such an event.

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Q: Define a risk
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