What are the 3 types of risks?

What are the 3 types of risks?

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Among the types of financial risks, one of the most important is market risk. This type of risk has a very broad scope, as it arises due to the dynamics of supply and demand.

Market risk is largely caused by economic uncertainties, which can impact the performance of all companies and not just one in particular. Changes in the prices of assets, liabilities and derivatives are among these sources of risk.

The same applies to innovations and changes in the market. One example is the commercial sector. Companies that have been able to adapt to the digital marketplace to sell their products online have experienced increased revenues. Meanwhile, those that have resisted these transformations have lost competitiveness.

In financial risk management, credit risk is of paramount importance. This risk refers to the possibility that a creditor will not receive payment on a loan or will receive it late.

Types of business risks

Another physical risk can be caused by vibrations caused by all types of machinery. These vibrations can affect the spine, the abdominals, and cause headaches.

Temperature and humidity can also have adverse effects on people if the values are too high or too low. The ideal values at work are 21ºC and 50% humidity.

This type of risk is caused by exposure to viruses, bacteria, parasites and fungi, which can lead to possible diseases. This type of risks are mainly exposed to health care workers.

These risks are caused by factors such as stress due to the pace of work, work fatigue or a very monotonous routine. We must have a rest of at least 15 minutes after six hours. To prevent this type of risk, it is good to change tasks or work schedules from time to time.

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The accidents that can occur with this type of risks are bodily injuries such as blows, burns, cuts… We must always make sure to check the machinery used to work.

Types of occupational hazards pdf

Mechanical risk is understood as the set of physical factors that can give rise to an injury due to the mechanical action of machine elements, tools, parts to be worked on or projected materials, solids or fluids.

The mechanical risk generated by machine parts or pieces is fundamentally conditioned by their shape (sharp edges, sharp parts), their relative position (since when machine parts or pieces are in motion, they can cause areas of entrapment, crushing, shearing, etc.), their mass and stability (potential energy), their mass and speed (kinetic energy), their mechanical resistance (to breakage or deformation) and their accumulation of energy (by springs or pressure deposits).

A protective device is a device that prevents the initiation or maintenance of a dangerous phase of the machine, while human presence is detected or possible in the dangerous zone. It protects the risk alone or in association with a guard.

The user of a machine, for his part, must take the necessary measures to ensure that, by means of appropriate maintenance, the work equipment is kept in a safe condition for the entire period of use. This maintenance shall be carried out taking into account the manufacturer’s instructions or, failing that, the characteristics of this equipment and its conditions of use.

Types of risks and examples

Among the types of financial risks, one of the most important is market risk. This type of risk has a very broad scope, as it arises due to the dynamics of supply and demand.

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Market risk is largely caused by economic uncertainties, which can impact the performance of all companies and not just one in particular. Changes in the prices of assets, liabilities and derivatives are among these sources of risk.

The same applies to innovations and changes in the market. One example is the commercial sector. Companies that have been able to adapt to the digital marketplace to sell their products online have experienced increased revenues. Meanwhile, those that have resisted these transformations have lost competitiveness.

In financial risk management, credit risk is of paramount importance. This risk refers to the possibility that a creditor will not receive payment on a loan or will receive it late.

What are the 3 types of risks?
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