Which statement best defines a hazard and a risk in risk management?

Which statement best defines a hazard and a risk in risk management?

• A. A hazard is the source of potential harm; a risk is the likelihood and consequence of harm occurring from that hazard.
• B. Hazard and risk are the same.
• C. A hazard is monetary; risk is physical.
• D. Risk is a source of potential harm; hazard is the probability.

Answer: (A)