What are considered Hazards?

Study for the NCEA Level 1 Business Studies Test. Engage with interactive questions, complete with hints and detailed explanations. Prepare effectively for your exam!

Hazards are defined as situations or items that pose a risk of causing harm, injury, or damage. This includes a wide range of potential threats, such as physical hazards like machinery and workplace environments, chemical hazards involving toxic substances, and biological hazards related to health risks. Understanding the nature of hazards is crucial in business to ensure safety protocols and risk management strategies are implemented to protect employees, customers, and the organization as a whole.

In the context of the other options, while items that contribute to profits, increase productivity, or enhance customer experience are important for a business's growth and success, they do not inherently carry the potential to cause harm. These aspects are generally associated with the positive performance and outcomes of a business rather than the identification and management of risks.

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