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What is the purpose of ranking risks in a farm family's livelihood plan?

Answer and explanation

Correct answer: Prioritising risks according to probability and impact

The direct answer is B. Ranking risks means deciding which dangers deserve attention first. A farm family usually has limited money, labour, time, and savings, so it cannot treat every possible problem in exactly the same way. The family considers two key questions: how likely is the risk, and how serious will its effect be? A frequent and damaging risk receives higher priority than a rare or minor one. Option B is correct because it combines probability and impact. A is wrong because resources should not all go to less serious risks. C is wrong because equal treatment may waste scarce resources. D is wrong because planning helps reduce harm. Memory cue: risk priority = likelihood × effect, considered practically rather than mechanically.

Related tags

Home-ScienceRisk-RankingLivelihood-PlanningFarm-Management

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