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What is risk?

1.uncertainty
2.peril
3.hazard
4.subjective risk
differentiate:
1.acceptable risk
2.unacceptable
classification of risk
classification of pure
cost of risk
degree of risk


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MORE: uncertainty, peril, hazard, subjective risk.

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uncertainty (1)
peril (1)
hazard (1)
subjective risk. (1)

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