8) Select the correct definition of a ‘Risk’
a) Risks can be defined as the situations or events that effect the organisation, its employees and business as a consequence of taking a specific action
b) Risks can be defined as the situations or events that effect the organisation, its employees and business as a consequence of not following strategic plans
c) Risks can be avoided by looking out for hazards or events that effect the organisation, its employees and business
d) Risks can be defined as a situations or events that may occasionally occur but need not be considered in strategic planning