RISKS MANAGEMENTS
\ɹˈɪsks mˈanɪd͡ʒmənts], \ɹˈɪsks mˈanɪdʒmənts], \ɹ_ˈɪ_s_k_s m_ˈa_n_ɪ_dʒ_m_ə_n_t_s]\
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The process of minimizing risk to an organization by developing systems to identify and analyze potential hazards to prevent accidents, injuries, and other adverse occurrences, and by attempting to handle events and incidents which do occur in such a manner that their effect and cost are minimized. Effective risk management has its greatest benefits in application to insurance in order to avert or minimize financial liability. (From Slee & Slee: Health care terms, 2d ed)
By DataStellar Co., Ltd
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.
Nearby Words
- risking
- riskless
- risklessness
- risks
- risks management
- Risks Managements
- risky
- risky venture
- risley
- risley's rotary prism
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