How much savings can be expected from investing $1 in effective health and safety measures on a construction site? A) $1 to $2 B) $4 to $6 C) No savings expected D) $2 to $3
Understand the Problem
The question is asking about the potential savings that can result from investing in effective health and safety measures specifically on a construction site. It presents multiple-choice options indicating different ranges of expected savings, which suggests an interest in understanding the financial return on investment in this context.
Answer
$4 to $6
The final answer is $4 to $6
Answer for screen readers
The final answer is $4 to $6
More Information
Investing in effective safety programs not only improves workplace conditions but also has a positive financial impact by reducing expenses related to work-related illnesses, injuries, and fatalities.
Tips
A common mistake might be underestimating the financial benefits of safety investments, thinking they are only costs without returns.
Sources
- Calculating Your Safety ROI for Your Construction Company - marshmma.com
- Calculation of Benefit for Every Dollar Invested (ROI) in Safety - linkedin.com
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