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risk characterization

Definition 1

Corporate: Component of risk assessment in which risks are ranked according to the extent and severity of their potential economic, environmental, financial, social, or other consequences.

Definition 2

Food industry: According to FAO/WHO, it is the integration of hazard identification and exposure assessment into the estimation of risk, and is similar to the definition of risk assessment. Other organizations suggest inclusion of determination of causative factors, contributing to the risk from a particular food product, to facilitate the action(s) required to effectively reduce the risk.

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