What are risk perception and risk tolerance

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Assignment:

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 influence risk tolerance.

1. Explain what are risk perception and risk tolerance?

Note for question 1: please first question effectively and accurately

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

3. Provide an example relevant to the leadership role for the food preparation and distribution industry, specifically for a supermarket chain.

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

5. Provide an example more specific as it is in direct relation to the potential profit and gain from actions factor?

Reference no: EM133433547

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