ASP 2024 Practice Test Questions and Answers All Correct

ASP 2024 Practice Test Questions and Answers All Correct Which system has as its primary functions to identify hazardous conditions, assess their risk, and establish effective risk control measures? Risk Control Risk Management Loss Control Loss Management - Answer-*Loss Control Loss Control is - Answer-the proactive measures taken to prevent or reduce loss evolving from accident, injury, illness and property damage. The aim of the loss control is to reduce the frequency and severity of losses. Loss control is directly related to human resource management, engineering and risk management practices. Risk is defined as - Answer-the combination of the severity of a defined exposure with its frequency of occurrence. The technique that effectively decreases a project's schedule risk without increasing the overall risk is to incorporate slack time into the project's critical path schedule early in project planning. Hazard is - Answer-any real or potential condition that can cause injury, illness, or death to personnel; damage to or loss of a system, equipment, or property; or damage to the environment. A potentially unsafe condition resulting from failures, malfunctions, external events, errors, or a combination thereof. A condition, set of circumstances, or inherent property that can cause injury, illness or death. Probability is - Answer-The likelihood of a hazard causing an incident or exposure that could result in harm or damage for a selected unit of time, events, population, items or activities being considered. Severity is - Answer-the extent of harm or damage that could result from a hazard related incident or exposures