occurrence

Vocabulary Word

Definition

'Occurrence' is when something takes place or happens. It's more than just a moment, like an event that unfolds over time.

Examples in Different Contexts

In risk management, analyzing 'occurrence' is crucial. A risk manager might say, 'Examining the occurrence of past events helps in assessing potential risks, developing preventive strategies, and mitigating adverse impacts on organizational goals.'

Practice Scenarios

Impact

Scenario:

With the current climate anomalies, decisive action is crucial. Can we design awareness programs about these environmental changes?

Response:

Certainly, the occurrence of such climate changes should be made common knowledge to ensure proactive steps.

Business

Scenario:

It's clear our profits have been in decline. Perhaps changes to our revenue model could reverse the trend.

Response:

Since the occurrence of the last profits report, several product lines have begun trending upwards.