4. Risk & Safety
● A thing is safe if its risk are judged
to be acceptable.
● A risk is a unwanted and harmful
event that sometimes may occur.
● Acceptability of a risk depends on
how it is perceived.
Safety Risk
5. Ways to Assess Risk
Starts from a given event and studies
from the different consequences
that might evolve from it.
Scenario Risk
Examines the failure modes of each
component without focusing on the
causes or relationships between the
components/elements.
FMEA
One purposes a system/hardware
failure and then traces the events
back to possible causes at the core
level
FTA
This form of analysis is the opposite of
FTA, and also a more mathematical
version of scenario analysis.
Event Tree Analysis
6. Intellectual Property Rights
• Intellectual property is the product of the human intellect.
• They allow their owner to completely benefit from his/her product
which was initially an idea that developed and came to fruition.
• They also entitle him/her to prevent others from using, dealing or
tampering with his/her product without prior permission from
him/her.
8. Ethics of MNCs
• MNCs need to recognize international rights.
• MNCs are usually creators of technology that contributes to
environmental deration as well as environmental improvement.
• Tackling environmental ethics through an cost oblivious or cost-
benefit analysis approach.
10. Key Takeaway from this Course
• Concerned with the
outcome of right actions,
when done.
• Concerned with the
outcome of wrong
actions, not done.
Ethics Morals