39 Questions
What is the purpose of estimating the cost of accidents, according to the text?
To justify the need for safety and health professionals
According to the text, what is necessary for a cost estimate to have value?
Being company-specific
How are company-specific cost figures arrived at, according to the text?
By dividing costs into insured & uninsured costs
What is the significance of determining insured costs of accidents, as mentioned in the text?
To arrive at company-specific figures
According to the text, what must safety & health professionals be able to do?
Estimate the cost of accidents
What was the developed procedure for estimating costs, according to the text?
Dividing insured & uninsured costs
What is an example of productivity costs mentioned in the text?
Lost productivity due to disruption
In Example 1, what was the cost of replacement parts, equipment, or lost product?
$100
What is the estimated wage rate for employers in the hospitality incident example?
$20/hr
What kind of injury did the construction worker in Example 1 sustain?
Broken ankle and forearm
Which step involves the time to assess damage in Example 1?
Damage Costs
What was the total estimated cost for incident costs in Example 1?
$840
What are the other costs associated with replacement costs in Example 1?
$100
What was the cost of first aid supplies and equipment in Example 1?
$50
What step involves the time for follow-up medical appointments in Example 1?
Incident Costs
What is an example of investigation costs mentioned in the text?
Completing GOSI paperwork
What is the purpose of dividing accidents into different classes?
To calculate the average uninsured cost for each class of accident
How are the average uninsured costs for each class of accident determined?
By dividing the total uninsured costs by the total number of accidents
What does the term 'loaded labor rate' refer to in the context of cost estimation?
The total cost of employee benefits
What is an example of a hidden cost associated with workplace accidents?
Slowdown in production near the accident site
What is the primary impact of global competition on workplace safety?
Increased workplace fatalities in developing countries
In which industries are occupational injuries more prevalent in developing countries?
Mining, construction, and agriculture
What type of workers are more likely to suffer nonfatal injuries?
Younger workers
What is the primary reason for early retirements in developing countries?
To avoid work-related disabilities
Why is it important to estimate hidden costs associated with workplace accidents?
To allocate resources for accident prevention effectively
What is the primary consequence of deteriorating record-keeping & reporting systems in developing countries?
A fraction of the real toll being reported
Which category of employees tends to suffer from musculoskeletal disorders and psychosocial problems?
Female workers
What is included in the incident cost?
Time for transportation to medical care
What is considered as part of the investigation cost?
Coordinating purchases
What is included in the damage cost?
Determining if equipment or parts need to be upgraded or replaced
What is part of the replacement cost?
Reviewing resumes, conducting telephone interviews, and scheduling in-person interviews
What is considered as part of the productivity cost?
Lost production during investigation
Which one of these is part of the incident cost?
Time for first aid
What is included in the investigation cost?
Completing GOSI paperwork
What is considered as part of the damage cost?
Disposal of damaged equipment
What is part of the replacement cost?
Updating co-workers on progress of injured worker
What is considered as part of the productivity cost?
Reduced productivity due to anxiety and stress felt by coworkers
Which one of these is part of the investigation cost?
Reporting to GOSI
What is included in the incident cost?
Robbery
Test your understanding of the five steps to determine accident costs according to the Pearson Prentice Hall - Upper Saddle River, NJ 07458 material. Explore incident costs, investigation costs, damage costs, replacement costs, and productivity costs.
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