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Inherent risk, in risk management, is an assessed level of raw or untreated risk; that is, the natural level of risk inherent in a process or activity without doing anything to reduce the likelihood or mitigate the severity of a mishap, or the amount of risk before the application of the risk reduction effects of controls.
The phrase "inherent bias" refers to the effect of underlying factors or assumptions that skew viewpoints of a subject under discussion.There are multiple formal definitions of "inherent bias" which depend on the particular field of study.
The limits of such inherent powers were articulated in Youngstown Sheet & Tube Co. v. Sawyer. This case was a Supreme Court decision limiting the power of the president to seize private property in the absence of either specifically enumerated authority under Article Two of the United States Constitution or statutory authority conferred on him ...
The Dow Fire and Explosion Index is essentially a measure of inherent danger and is the most widely used quantification of inherent safety. [6] A more specific index of inherently safe design has been proposed by Heikkilä, [1] and variations of this have been published. [18] [19] [20] However all of these are much more complex than the Dow F ...
In pragmatism, John Dewey's [7] empirical approach did not accept intrinsic value as an inherent or enduring property of things. He saw it as an illusory product of our continuous ethic valuing activity as purposive beings. When held across only some contexts, Dewey held that goods are only intrinsic relative to a situation.
An extrinsic property is not essential or inherent to the subject that is being characterized. For example, mass is an intrinsic property of any physical object , whereas weight is an extrinsic property that depends on the strength of the gravitational field in which the object is placed.
In moral philosophy, instrumental and intrinsic value are the distinction between what is a means to an end and what is as an end in itself. [1] Things are deemed to have instrumental value (or extrinsic value [2]) if they help one achieve a particular end; intrinsic values, by contrast, are understood to be desirable in and of themselves.
Existential nihilism is the philosophical theory that life has no objective meaning or purpose. [1] The inherent meaninglessness of life is largely explored in the philosophical school of existentialism, where one can potentially create their own subjective "meaning" or "purpose".