Risk Type
This type of risk brings the possibility of loss or no loss, but no chance of gain.
What is pure risk?
The likelihood that a risk event will occur is called this.
What is probability?
This is the first step in the risk-management process and involves listing possible risks.
What is risk identification?
This type of hazard includes things like slippery floors and hot grease
What is a safety hazard?
This Netflix series about a telekinetic girl named Eleven returned for its final season in 2025.
What is Stranger Things?
This risk involves events like tornadoes, floods, fires, and product recalls.
What is a hazard risk?
This two-axis chart helps prioritize risks based on probability and impact
What is a risk impact/probability chart?
These types of risks have occurred in the past and are easier to identify.
What are retrospective risks?
These hazards involve living things like viruses or bacteria that can cause disease.
What are biological hazards?
This British artist’s album Subtract offered fans a deeply emotional and acoustic experience
Who is Ed Sheeran?
This risk category includes employee actions, daily processes, and human resources issues
What is an operational risk?
A risk with an impact score of 5 would have this level of effect on a business.
What is a paralyzing or very high impact?
These future-looking risks are harder to identify and haven’t happened yet.
What are prospective risks?
MSDSs help workers understand this type of hazard.
What are chemical hazards?
This K-pop group went on a group hiatus as several members began their mandatory military service.
Who is BTS?
Along with controlling and preventing losses, risk management also tries to enhance this.
What is the possibility for gain?
The final severity score of a risk is found by multiplying these two values
What are impact and probability scores?
Avoiding risk reduces the chance of the risk happening but may also do this.
What is eliminate a potential gain?
This government agency regulates chemical use to protect air, water, and soil.
What is the EPA (Environmental Protection Agency)?
This pop superstar returned with the hit album “Renaissance” and a world tour in 2023.
Who is Beyoncé?
Poor budgeting, inaccurate financial data, or credit downgrades are examples of this risk type.
What is a financial risk?
This risk response involves shifting the impact to another party using insurance or contracts.
What is transference?
Risk can be overlooked when it's unclear who in the company is responsible for this.
What is risk management?
These hazards can cause harm over time and may not be immediately noticeable.
What are less obvious (long-term) health hazards?
This animated Pixar sequel featured emotions like Joy, Sadness, and newcomer Anxiety inside a teenage girl's head.
What is Inside Out 2?