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True or False?An activity with a high certainty of risk combined with a high consequence of impact must never be actioned.

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Solution

This statement is False. While it is true that activities with both a high certainty of risk and high consequences can be dangerous, it is not accurate to say that they must never be actioned.

In many cases, risk management strategies can be employed to mitigate these risks. Organizations often weigh the potential benefits against the risks involved and may choose to proceed if effective control measures can be implemented. For example, high-stakes activities in fields like medicine, aviation, or construction may involve risks but can be justified if there is a clear necessity and if precautions are in place to reduce the probability or impact of negative outcomes. Therefore, rather than a blanket prohibition, it is essential to assess the situation and implement adequate risk management practices.

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