Reference Material:
What’s the literal definition of “risk”? Business schools use risk analysis. So, what do you mean by “risk”, and we need a dictionary. When you look at dictionary, this is literal, literal definition of risk. What it says is, the definition for example, the possibility of injury, a dangerous element or factor, chance of, degree or possibility of such loss, and so on. So, risk has two parts, as you look at the literal definition of risk. One part is the consequence of some kind of particular danger, hazard loss. And the other is about the probability, of it: chance and consequence, OK? And then at least just as English language concerns, when you look up the word of safe and safety, which you’ll earn as, it’s a little bit of a loop, a little circular argument that free from harm or risks, secure from danger, harm or loss, the condition of being safe and so on for all. And why we take out of it? At least when we talk about safe at least in English language, we are talking absolute something is safe, or it sounds safe.
Audio:
Sample Answer:
The lecture of risk analysis focuses on the definition of risk and safety. There are two literary definitions of the word ‘risk’ in dictionaries. One means the possibility of loss or injury while the other means consequences of some kinds of danger. Moreover, the definition of ‘safe’ or ‘safety’, though involve a circular argument, is free from harm, which is an absolute notion being either safe or not safe. (69 words)
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