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

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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?

To arrive at company-specific figures Signup and view all the answers

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

Estimate the cost of accidents Signup and view all the answers

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

Dividing insured & uninsured costs Signup and view all the answers

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

Lost productivity due to disruption Signup and view all the answers

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

$100 Signup and view all the answers

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

$20/hr Signup and view all the answers

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

Broken ankle and forearm Signup and view all the answers

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

Damage Costs Signup and view all the answers

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

$840 Signup and view all the answers

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

$100 Signup and view all the answers

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

$50 Signup and view all the answers

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

Incident Costs Signup and view all the answers

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

Completing GOSI paperwork Signup and view all the answers

What is the purpose of dividing accidents into different classes?

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

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

By dividing the total uninsured costs by the total number of accidents Signup and view all the answers

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

The total cost of employee benefits Signup and view all the answers

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

Slowdown in production near the accident site Signup and view all the answers

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

Increased workplace fatalities in developing countries Signup and view all the answers

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

Mining, construction, and agriculture Signup and view all the answers

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

Younger workers Signup and view all the answers

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

To avoid work-related disabilities Signup and view all the answers

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

To allocate resources for accident prevention effectively Signup and view all the answers

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

A fraction of the real toll being reported Signup and view all the answers

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

Female workers Signup and view all the answers

What is included in the incident cost?

Time for transportation to medical care Signup and view all the answers

What is considered as part of the investigation cost?

Coordinating purchases Signup and view all the answers

What is included in the damage cost?

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

What is part of the replacement cost?

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

What is considered as part of the productivity cost?

Lost production during investigation Signup and view all the answers

Which one of these is part of the incident cost?

Time for first aid Signup and view all the answers

What is included in the investigation cost?

Completing GOSI paperwork Signup and view all the answers

What is considered as part of the damage cost?

Disposal of damaged equipment Signup and view all the answers

What is part of the replacement cost?

Updating co-workers on progress of injured worker Signup and view all the answers

What is considered as part of the productivity cost?

Reduced productivity due to anxiety and stress felt by coworkers Signup and view all the answers

Which one of these is part of the investigation cost?

Reporting to GOSI Signup and view all the answers

What is included in the incident cost?

Robbery Signup and view all the answers

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?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

What is the purpose of dividing accidents into different classes?

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

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

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

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

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

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

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

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

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

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

What is included in the incident cost?

What is considered as part of the investigation cost?

What is included in the damage cost?

What is part of the replacement cost?

What is considered as part of the productivity cost?

Which one of these is part of the incident cost?

What is included in the investigation cost?

What is considered as part of the damage cost?

What is part of the replacement cost?

What is considered as part of the productivity cost?

Which one of these is part of the investigation cost?

What is included in the incident cost?

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