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Q: explain how risk taking relates to rights and responsibilities
A: Risk management is the identification, assessment, and prioritization of risk's (defined in ISO 31000 as the effect of uncertainty on objectives, [ whether positive or negative) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events[1] or to maximize the realization of opportunities. Risks can come
from uncertainty in financial markets, project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards.[2][3] Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety. The strategies to manage risk typically include transferring the risk to another party, avoiding the risk, reducing the negative effect or probability of the risk, or even accepting some or all of the potential or actual consequences of a particular risk. ]
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User: explain how risk taking relates to rights and responsibilities

Weegy: Risk management is the identification, assessment, and prioritization of risk's (defined in ISO 31000 as the effect of uncertainty on objectives, [ whether positive or negative) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events[1] or to maximize the realization of opportunities. Risks can come from uncertainty in financial markets, project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards.[2][3] Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety. The strategies to manage risk typically include transferring the risk to another party, avoiding the risk, reducing the negative effect or probability of the risk, or even accepting some or all of the potential or actual consequences of a particular risk. ]
hersheys|Points 284|

User: explain how risk taking relates to rights and responsibilities in a residential care setting







Weegy: We all need to take some risks in order to have as full a life as possible. Individuals have the right to choose the risks they want to take but have the responsibility not to put others in danger. [ You have the responsibility to support their choices and keep them as safe as possible. ‘Understanding what made them safe required understanding them as people – understanding their personalities, their experiences, their family relationships, their wishes for the future and their past histories of choices.’ ]
Expert answered|emdjay23|Points 2161|

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Asked 8/22/2013 2:15:18 PM
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