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TeachMeFinance.com - explain Risk-benefit analysis Risk-benefit analysis The term 'Risk-benefit analysis ' as it applies to the area of agriculture can be defined as ' Comparison of the short- and long-term risks to the overall societal benefits of an activity, chemical use, or technology. When risks and benefits are expressed in monetary terms, this is effectively cost-benefit analysis. Both the Federal Insecticide, Fungicide, and Rodenticide Act and the Toxic Substances Control Act direct the Environmental Protection Agency to base regulatory decisions on a risk-benefit or cost-benefit basis'. Previous 5 Terms: Risk management Risk Management Agency Risk reduction Risk-based decisionmaking Risk-Based Health Maintenance Organization-Competitive Medical Plan Next 5 Terms: risk-benefit ratio Risk-informed decisionmaking Risk-informed regulation Risk-significant risorial About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.