Explain what are risk perception and risk tolerance

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Reference no: EM133450615

We have been seeing an increase in workplace incidents lately and through analysis, we have identified that our workforce has a very high level of risk tolerance. regarding that please answer the questions below to educate our leadership team on the potential profit and gain from actions factor that influences risk tolerance.

1. explain what are risk perception and risk tolerance?

2. how do they relate to the role and behaviours of leaders.

3. provide a solid example relevant to the leadership role and to food preparation and distribution industry.

4. what is the potential profit and gain from actions factor, making it relevant to the food preparation and distribution industry?

5. provide a solid and more specific example as it directly relates to the potential profit and gain from actions factor?

Reference no: EM133450615

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