Introduction
Risk and risk factors are the cornerstones of a functioning firm or company. The risk-management process involves the systematic application of management policies and practices as well as procedures, with the intention of establishing a context of communication and consultation with relevant stakeholders. The treatment, monitoring, and reviewing of risks also comprises identification, analysis, and evaluation. Consider a scenario where a top company employs a new CEO and one of her first decisions is to ensure that safety is a major priority. Twoof the new rules being established state that all employees are required to use safety gear while ...