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A hazard is

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A hazard is
  • AThe likelihood of a substance, person, activity or process to cause harm
  • BThe probability of a substance, person, activity or process to cause harm
  • CThe potential of a substance, person, activity or process to cause harm
  • DThe prospect of a substance, person, activity or process to cause harm
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A hazard is a source or a situation with the potential for harm in terms of human-injury or ill-health, damage to property, damage to the environment, or a combination of these.

Risk is the chance or probability that a person will be harmed or experience an adverse health effect if exposed to a hazard.

The terms "hazard" and "risk" are often used interchangeably. However, Risk can be defined as the likelihood or probability of a given hazard of a given level causing a particular level of loss of damage.