Austin American-Statesman on MSN: Kia, Hyundai recall more than 200,000 vehicles over fuel leak risks. See affected models Definition of risk noun from the Oxford Advanced Learner's Dictionary. [countable, uncountable] the possibility of something bad happening at some time in the future; a situation that could be dangerous or have a bad result.

Understanding the Context

The health risks are very low. The study found a slightly increased risk of cancer in this group. Definitions of risk range from narrow definitions - risks to people or machinery resulting from hazards - to wide definitions that see risk as any uncertainty of outcome. The diagram at the top of this article shows how risk can be defined in narrow, medium, and broad ways.

Key Insights

You can learn about risks associated with specific investments by going to the Risk tab for each investment listed in our Investment Products section. In the context of investing, reward is the possibility of returns or profits. We frequently encounter a range of environmental, health, and societal risks in our everyday lives. By better understanding the fundamental terms and concepts related to risk, we can be better prepared to respond to these risks in both the near and long terms. Before changing operations, workstations, or workflow; making major organizational changes; or introducing new equipment, materials, or processes, seek the input of workers and evaluate the planned changes for potential hazards and related risks.

Final Thoughts

Note: Many hazards can be identified using common knowledge and available tools. Risks can negatively affect not only internal processes within a company and business results but also managerial decisions. One of the preconditions for sound decision-making would be the identification of specific risks.