Podcast
Questions and Answers
What is the formula for calculating simple interest?
What is the formula for calculating simple interest?
- I = P + n * i
- I = P + I * n
- I = P * i * t
- I = P * n * i (correct)
In which scenario is compound interest more advantageous than simple interest?
In which scenario is compound interest more advantageous than simple interest?
- When only the initial principal is considered
- When the loan duration is shorter than one year
- When the interest is compounded over multiple periods (correct)
- When the interest rate is higher than the principal amount
What is the total cost of a loan if the principal is $1000 and simple interest calculated is $200?
What is the total cost of a loan if the principal is $1000 and simple interest calculated is $200?
- $1200 (correct)
- $2000
- $1000
- $800
Which of the following variables is essential to determine future value in finance?
Which of the following variables is essential to determine future value in finance?
Which equation describes the future value of an investment earning compound interest?
Which equation describes the future value of an investment earning compound interest?
What is the primary goal of accident causation techniques?
What is the primary goal of accident causation techniques?
What is a consequence of failing to prevent workplace accidents?
What is a consequence of failing to prevent workplace accidents?
Which of the following best describes the Domino Theory as proposed by Heinrich?
Which of the following best describes the Domino Theory as proposed by Heinrich?
What significant financial benefit can result from preventing accidents and injuries in the workplace?
What significant financial benefit can result from preventing accidents and injuries in the workplace?
When was the first scientific approach to accident prevention introduced?
When was the first scientific approach to accident prevention introduced?
What is the main regulatory requirement regarding workplace safety?
What is the main regulatory requirement regarding workplace safety?
Which factor does Heinrich identify as a critical part of the accident sequence?
Which factor does Heinrich identify as a critical part of the accident sequence?
What is the primary role of rank-and-file workers in a safety and health context?
What is the primary role of rank-and-file workers in a safety and health context?
How can employees develop and express their commitment to safety and health?
How can employees develop and express their commitment to safety and health?
Which of the following is NOT listed as a function of employee involvement?
Which of the following is NOT listed as a function of employee involvement?
What is a key benefit of group decision-making in safety practices?
What is a key benefit of group decision-making in safety practices?
Which responsibility is associated with management in the context of employee involvement?
Which responsibility is associated with management in the context of employee involvement?
What is an example of employee involvement in safety and health initiatives?
What is an example of employee involvement in safety and health initiatives?
What is involved in assigning responsibility in a safety management context?
What is involved in assigning responsibility in a safety management context?
What is likely to increase the severity of potential outcomes in complex hardware systems?
What is likely to increase the severity of potential outcomes in complex hardware systems?
What should management do to support employee involvement in safety?
What should management do to support employee involvement in safety?
Which strategy is NOT suggested for reducing accidents related to energy release?
Which strategy is NOT suggested for reducing accidents related to energy release?
Which of the following actions would effectively promote safety accountability?
Which of the following actions would effectively promote safety accountability?
What is a fundamental component of a Behavior-based Safety (BBS) program?
What is a fundamental component of a Behavior-based Safety (BBS) program?
Why is employee involvement considered critical for effective safety and health programs?
Why is employee involvement considered critical for effective safety and health programs?
Which of the following is an effective technique for controlling energy release?
Which of the following is an effective technique for controlling energy release?
The transfer of energy at large amounts and rapid rates can adversely affect which of the following?
The transfer of energy at large amounts and rapid rates can adversely affect which of the following?
What aspect does NOT contribute to the complexity of hardware systems?
What aspect does NOT contribute to the complexity of hardware systems?
Which is a potential consequence of not controlling energy release adequately?
Which is a potential consequence of not controlling energy release adequately?
Which principle is emphasized in interventions of Behavior-based Safety (BBS)?
Which principle is emphasized in interventions of Behavior-based Safety (BBS)?
The approach of preventing energy buildup is aimed at minimizing what?
The approach of preventing energy buildup is aimed at minimizing what?
Which principle focuses on the variations in observations being due to differences in one or more factors?
Which principle focuses on the variations in observations being due to differences in one or more factors?
What does the MORT method specifically aim to prevent?
What does the MORT method specifically aim to prevent?
Which sequence correctly represents a step in the Scientific Method?
Which sequence correctly represents a step in the Scientific Method?
What is the role of a logic diagram or table in Gross Hazard Analysis?
What is the role of a logic diagram or table in Gross Hazard Analysis?
Which principle is considered the most important in investigations as it combines concepts from the other principles?
Which principle is considered the most important in investigations as it combines concepts from the other principles?
In the context of problem-solving, what characterizes the term 'gross' in Gross Hazard Analysis?
In the context of problem-solving, what characterizes the term 'gross' in Gross Hazard Analysis?
Which of the following is NOT a step in developing hypotheses?
Which of the following is NOT a step in developing hypotheses?
What does the first step in the Scientific Method involve?
What does the first step in the Scientific Method involve?
Which term best describes the systematic approach to identifying risks associated with an operation?
Which term best describes the systematic approach to identifying risks associated with an operation?
Which action is primarily taken after making observations in the problem-solving process?
Which action is primarily taken after making observations in the problem-solving process?
Flashcards
Accident
Accident
An unplanned and uncontrolled event that could result in an injury or property damage.
Domino Theory
Domino Theory
A model that proposes a series of factors contributing to an accident.
Heinrich's Domino Theory
Heinrich's Domino Theory
The first scientific approach to accident prevention. Introduced in 1932 by Heinrich.
Accident Investigation
Accident Investigation
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Prevention of Future Accidents
Prevention of Future Accidents
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3 Es of Accident Causation
3 Es of Accident Causation
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Workplace Hazards
Workplace Hazards
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Simple Interest
Simple Interest
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Compound Interest
Compound Interest
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Loan Balance
Loan Balance
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Future Value of Money
Future Value of Money
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Principal
Principal
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Complexity in Hardware
Complexity in Hardware
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Energy Release Theory
Energy Release Theory
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Techniques to Reduce Accidents
Techniques to Reduce Accidents
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Behavior Theory (BBS)
Behavior Theory (BBS)
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BBS Program
BBS Program
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Common Goals of BBS
Common Goals of BBS
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Identification of Internal Factors
Identification of Internal Factors
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Intervention
Intervention
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Culture of Safety
Culture of Safety
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Employee Involvement
Employee Involvement
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Joint Labor-Management Committees
Joint Labor-Management Committees
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Assigning Authority
Assigning Authority
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Allocate Resources
Allocate Resources
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Commitment to Safety and Health
Commitment to Safety and Health
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Visible Involvement
Visible Involvement
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Holding Accountable
Holding Accountable
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Encouraged Participation
Encouraged Participation
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Rank-and-File Workers' Role
Rank-and-File Workers' Role
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Group Decisions
Group Decisions
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The Scientific Method
The Scientific Method
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Making Observations
Making Observations
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Formulating Hypotheses
Formulating Hypotheses
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Principle of Agreement
Principle of Agreement
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Principle of Differences
Principle of Differences
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Principle of Concomitant Variation
Principle of Concomitant Variation
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Gross Hazard Analysis (GHA)
Gross Hazard Analysis (GHA)
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GHA Diagram
GHA Diagram
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Management Oversight and Risk Tree (MORT)
Management Oversight and Risk Tree (MORT)
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Risk Identification and Assessment
Risk Identification and Assessment
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Study Notes
Domain 2 Management System
- Domain 2 accounts for 13.34% of the CSP certification.
Management Theories
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Maslow's Hierarchy of Needs: Human motivation is driven by unsatisfied needs. Lower-level needs must be met before higher-level needs become motivators. Basic needs like physiological, safety, and belonging needs must be met before employees can be motivated by higher-level needs like esteem and self-actualization.
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Motivational Theories (X, Y): McGregor's Theory X assumes employees are inherently unmotivated and need extrinsic motivation (e.g., monetary rewards). Theory Y posits employees are motivated intrinsically by esteem and self-actualization needs, and can be self-directed.
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Herzberg's Two-Factor Theory: Factors influencing job satisfaction and dissatisfaction are different. Hygiene factors (salary, supervision) prevent dissatisfaction; motivators (achievement, recognition) create satisfaction.
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Contingency Theory: No single best way to manage; the most effective approach depends on the specific situation and context.
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Systems Theory: A highly interdisciplinary approach to understanding systems in nature, society, and science. Systems comprise interdependent parts. Understanding these interactions is key to understanding how a system operates.
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Chaos Theory: The field of study in mathematics, physics, and philosophy studying the behavior of dynamical systems that are highly sensitive to initial conditions.
Management Styles
- Autocratic: Leader/manager unilaterally makes all decisions
- Directive Democrat: Leader participates in decisions, but closely supervises employee actions.
- Permissive Democrat: Leader/manager involves employees in decisions. Allows employees some latitude to carry out tasks.
- Permissive Autocrat: Leader/manager makes decisions unilaterally but allows latitude in task execution
Accident Causation and Investigation Techniques
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Domino Theory (Heinrich): A scientific approach, positing that accidents are a result of a sequence of events leading to injury, where each factor is dependent on the preceding factor.
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3 Es: Engineering controls (design adjustments), education/training programs for employees, and enforcement procedures, act as controls to prevent accidents.
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Human Factors Theory: Emphasizes that accidents are typically rooted in human error; in contrast, system problems are not always apparent.
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Incident/Accident Theory (Petersen): Describes the overload (pressure, fatigue, motivation, drug, alcohol, worry) that initiates human errors, which may result in system failure.
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Modern Causation Model: Demonstrates how various safety, operational, and administrative failures can interact to create an accident.
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Epidemiological Theory: Focuses on industrial hygiene and the causal link between environmental factors and disease.
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Systems Theory: Examines how interdependent systems can lead to accidents.
Measurement of Health and Safety Performance
- Measuring health and safety performance is key to managing risk.
Elements of an Effective Health and Safety Program
- Benefits: Reduces the extent and severity of work-related injuries, improves employee morale and productivity, and reduces workers' compensation costs.
- Characteristics: Assigns responsibility clearly to management, supervisors, and employees. Establishes a plan or program for regular inspections to identify and control hazards.
Employee Involvement
- Employee involvement is key to successful health and safety programs, as employees are most familiar with the risks and hazards in their workplace.
Report of Investigation Components
- Typically includes a cover page, title page, table of contents, executive summary, narrative body (details about the incident), conclusions and recommendations.
Safety Program Auditing
- A structured assessment of health and safety processes to determine efficacy.
Engineering Economics
- Simple Interest: Interest is calculated only on the principal amount.
- Compound Interest: Interest is calculated on the principal plus accumulated interest.
- Future Value: Value of an asset at a future date, based on a growth rate.
- Loan Balance: Remaining amount owed on a loan after some period.
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Description
Explore essential management theories including Maslow's Hierarchy of Needs, McGregor's Theory X and Y, and Herzberg's Two-Factor Theory. Understand how these theories can impact motivation and job satisfaction within the CSP framework. This quiz will help solidify your grasp of these key concepts vital for the certification.
