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for all potential or foreseeable hazards.

As part of the risk assessment process, judgments may be made "on the tolerability of the risk on the basis of a risk analysis" (i.e. risk evaluation taking into account costs and benefits of further risk reduction). Sometimes risks can be deemed tolerable, meaning the risk "is understood and tolerated .. usually because the cost or difficulty of implementing an effective countermeasure for the associated vulnerability exceeds the expectation of loss."

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