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Process in which judgments are made on the tolerability of the risk on the basis of a risk analysis and taking into account factors such as socioeconomic and environmental aspects.

The decision on whether the risk is acceptable may be based on a number of different criteria, such as the benefits gained from accepting the risk and the cost associated with reducing the risk. Even if the risk acceptance criteria are not met, the conclusion may still be that the risk can be tolerated because the benefits are so large that they outweigh the risk.