Risk Assessment Fundamentals
This worksheet introduces Grade 11 students to the fundamental concepts of risk assessment, including identification, analysis, evaluation, and mitigation strategies.
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Risk Assessment Fundamentals
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Read each question carefully and answer to the best of your ability. For multiple-choice questions, select the best option. For short answer and fill-in-the-blank questions, provide concise and accurate responses.
1. Which of the following is the primary goal of risk assessment?
To eliminate all risks completely.
To identify, analyze, and mitigate potential hazards.
To transfer all risks to another party.
To ignore risks that have a low probability.
2. What is the first step in the risk assessment process?
Analyzing the risks.
Identifying the hazards.
Evaluating the risks.
Implementing control measures.
3. A is anything that has the potential to cause harm.
4. The likelihood of a hazard causing harm is known as its .
5. Risk involves taking steps to reduce the likelihood or severity of a risk.
6. All risks can be completely eliminated through proper assessment.
True
False
7. The severity of a risk refers to the potential magnitude of harm.
True
False
8. Briefly explain the difference between a 'hazard' and a 'risk'.
9. Describe one example of a personal risk you have encountered and how you assessed or managed it.
Match the term on the left with its definition on the right.
10. Risk Identification
a. The process of reducing the likelihood or impact of a risk.
11. Risk Analysis
b. The process of determining the potential risks that could affect a situation.
12. Risk Mitigation
c. The process of understanding the nature and characteristics of identified risks.