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7. Explain how the risk object characteristic personification influence one's risk perception. 8. According to the ISO 31000, one of the principles of risk

7.Explain how the risk object characteristic "personification" influence one's risk perception.

8.According to the ISO 31000, one of the principles of risk management is that 'risk management is systematic, structured and timely'. Explain what this means.

9.Explain the difference between inherent risk and residual risk.

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