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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 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.