What does the blue field on an NFPA 704 symbol represent?
The blue section of the NFPA color code symbolizes health hazards. A health hazard rating is determined by the potential for a material to pose risks beyond those of ordinary combustible materials.
What does NFPA 704 stand for?
W. “NFPA 704: Standard System for the Identification of the Hazards of Materials for Emergency Response” is a standard maintained by the U.S.-based National Fire Protection Association.
What does the blue colored diamond in the label represent?
The diamond’s hazard information is valid for the material under normal circumstances. So what do those colors mean? The blue diamond, appearing on the left side of the label, conveys Health Hazard information for persons exposed to the material. A number from 0 to 4 is written in the blue diamond.
What are three major hazard groups?
There are three major hazard groups:
- Physical hazards.
- Health hazards.
- Environmental hazards.
What are examples of positive risks?
Examples of positive risks
- A potential upcoming change in policy that could benefit your project.
- A technology currently being developed that will save you time if released.
- A grant that you’ve applied for and are waiting to discover if you’ve been approved.
What is risk and its type?
However, there are several different kinds or risk, including investment risk, market risk, inflation risk, business risk, liquidity risk and more. In an investor context, risk is the amount of uncertainty an investor is willing to accept in regard to the future returns they expect from their investment.
What is risk in simple words?
Definition: Risk implies future uncertainty about deviation from expected earnings or expected outcome. Risk measures the uncertainty that an investor is willing to take to realize a gain from an investment. Description: Risks are of different types and originate from different situations.