What term describes the probability and possible severity of accident or loss from exposure to various hazards, including injury to people and loss of resources?

What term describes the probability and possible severity of accident or loss from exposure to various hazards, including injury to people and loss of resources?

• A. Risk
• B. Hazard
• C. Unidentified Risk
• D. Residual Risk

Answer: (A)

In aviation, risk describes the likelihood that a hazard will cause an accident or loss and how serious that loss could be. It combines two elements: how probable something is to happen and the potential severity of the consequences, including injuries to people and damage to resources. A hazard is simply a source of potential harm (like icy pavement or a fatigue-prone procedure); risk is about evaluating the chance of that harm occurring and how bad it would be if it did. Residual risk is what’s left after applying mitigations, while unidentified risk isn’t the standard term used to describe this concept. So the term that fits is risk.

In aviation, risk describes the likelihood that a hazard will cause an accident or loss and how serious that loss could be. It combines two elements: how probable something is to happen and the potential severity of the consequences, including injuries to people and damage to resources. A hazard is simply a source of potential harm (like icy pavement or a fatigue-prone procedure); risk is about evaluating the chance of that harm occurring and how bad it would be if it did. Residual risk is what’s left after applying mitigations, while unidentified risk isn’t the standard term used to describe this concept. So the term that fits is risk.