Pearson Prentice Hall - Upper Saddle River, NJ 07458 Accident Costs Quiz
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Questions and Answers

What is the purpose of estimating the cost of accidents, according to the text?

  • To apply broad industry cost factors
  • To examine accounting records
  • To justify the need for safety and health professionals (correct)
  • To show that accidents are less expensive than prevention

    • According to the text, what is necessary for a cost estimate to have value?

  • Being company-specific (correct)
  • Relating to broad industry cost factors
  • Applying uninsured cost factors
  • Being based on general accident data

    • How are company-specific cost figures arrived at, according to the text?

  • By applying broad industry cost factors
  • By dividing costs into insured & uninsured costs (correct)
  • By justifying the need for safety and health professionals
  • By examining uninsured costs only

    • What is the significance of determining insured costs of accidents, as mentioned in the text?

    <p>To arrive at company-specific figures</p> Signup and view all the answers

    According to the text, what must safety & health professionals be able to do?

    <p>Estimate the cost of accidents</p> Signup and view all the answers

    What was the developed procedure for estimating costs, according to the text?

    <p>Dividing insured &amp; uninsured costs</p> Signup and view all the answers

    What is an example of productivity costs mentioned in the text?

    <p>Lost productivity due to disruption</p> Signup and view all the answers

    In Example 1, what was the cost of replacement parts, equipment, or lost product?

    <p>$100</p> Signup and view all the answers

    What is the estimated wage rate for employers in the hospitality incident example?

    <p>$20/hr</p> Signup and view all the answers

    What kind of injury did the construction worker in Example 1 sustain?

    <p>Broken ankle and forearm</p> Signup and view all the answers

    Which step involves the time to assess damage in Example 1?

    <p>Damage Costs</p> Signup and view all the answers

    What was the total estimated cost for incident costs in Example 1?

    <p>$840</p> Signup and view all the answers

    What are the other costs associated with replacement costs in Example 1?

    <p>$100</p> Signup and view all the answers

    What was the cost of first aid supplies and equipment in Example 1?

    <p>$50</p> Signup and view all the answers

    What step involves the time for follow-up medical appointments in Example 1?

    <p>Incident Costs</p> Signup and view all the answers

    What is an example of investigation costs mentioned in the text?

    <p>Completing GOSI paperwork</p> Signup and view all the answers

    What is the purpose of dividing accidents into different classes?

    <p>To calculate the average uninsured cost for each class of accident</p> Signup and view all the answers

    How are the average uninsured costs for each class of accident determined?

    <p>By dividing the total uninsured costs by the total number of accidents</p> Signup and view all the answers

    What does the term 'loaded labor rate' refer to in the context of cost estimation?

    <p>The total cost of employee benefits</p> Signup and view all the answers

    What is an example of a hidden cost associated with workplace accidents?

    <p>Slowdown in production near the accident site</p> Signup and view all the answers

    What is the primary impact of global competition on workplace safety?

    <p>Increased workplace fatalities in developing countries</p> Signup and view all the answers

    In which industries are occupational injuries more prevalent in developing countries?

    <p>Mining, construction, and agriculture</p> Signup and view all the answers

    What type of workers are more likely to suffer nonfatal injuries?

    <p>Younger workers</p> Signup and view all the answers

    What is the primary reason for early retirements in developing countries?

    <p>To avoid work-related disabilities</p> Signup and view all the answers

    Why is it important to estimate hidden costs associated with workplace accidents?

    <p>To allocate resources for accident prevention effectively</p> Signup and view all the answers

    What is the primary consequence of deteriorating record-keeping & reporting systems in developing countries?

    <p>A fraction of the real toll being reported</p> Signup and view all the answers

    Which category of employees tends to suffer from musculoskeletal disorders and psychosocial problems?

    <p>Female workers</p> Signup and view all the answers

    What is included in the incident cost?

    <p>Time for transportation to medical care</p> Signup and view all the answers

    What is considered as part of the investigation cost?

    <p>Coordinating purchases</p> Signup and view all the answers

    What is included in the damage cost?

    <p>Determining if equipment or parts need to be upgraded or replaced</p> Signup and view all the answers

    What is part of the replacement cost?

    <p>Reviewing resumes, conducting telephone interviews, and scheduling in-person interviews</p> Signup and view all the answers

    What is considered as part of the productivity cost?

    <p>Lost production during investigation</p> Signup and view all the answers

    Which one of these is part of the incident cost?

    <p>Time for first aid</p> Signup and view all the answers

    What is included in the investigation cost?

    <p>Completing GOSI paperwork</p> Signup and view all the answers

    What is considered as part of the damage cost?

    <p>Disposal of damaged equipment</p> Signup and view all the answers

    What is part of the replacement cost?

    <p>Updating co-workers on progress of injured worker</p> Signup and view all the answers

    What is considered as part of the productivity cost?

    <p>Reduced productivity due to anxiety and stress felt by coworkers</p> Signup and view all the answers

    Which one of these is part of the investigation cost?

    <p>Reporting to GOSI</p> Signup and view all the answers

    What is included in the incident cost?

    <p>Robbery</p> Signup and view all the answers

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