Environment & Ecology · Risk Assessment & Management
Consider the following statements regarding Risk Assessment (RA) in industrial context: A. RA is applied only in financial sectors and is completely excluded from chemical or process industries. B. RA effectively combines the consequences and likelihood of potential incident outcomes to provide a measure of risk. C. RA is heavily supplemented by identification and safety tools such as HAZOP, FMEA, and Safety Audits. D. Risk reduction measures may include inherently safer designs, detection systems, and emergency response planning. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1B, C, and D✓
- 2A and B only
- 3A, B, and C
- 4A, C, and D
Correct answer
B, C, and D
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