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CM 2215 Cost of Accidents Questions with Correct Answers (Grade A+)

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CM 2215 Cost of Accidents Questions with Correct Answers (Grade A+)

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CM 2215 Cost of Accidents Questions with Correct Answers (Grade
A+)

Question 1: worksheet

Answer: worksheet

Question 2: reduced accidents saves money, but the preservation of _______ should be of paramount
concern to any management team

Answer: life

Question 3: direct costs are ______ to identify and quantify

Answer: easy

Question 4: direct costs are usually paid by submitting claims to _____ companies

Answer: insurance companies

Question 5: an example of a direct cost is ______

Answer: medical cost, repair cost for damaged equipment, administrative

Question 6: indirect costs are _____ to identify and quantify

Answer: difficult or impossible

Question 7: indirect costs are usually paid by the _____

Answer: ?

Question 8: an example of an indirect cost is ______

Answer: loss of efficiency, cost of bringing in new workers

Question 9: average cost method, fixed multipler method, and _______ ratio method are ways of
estimating the indirect cost of an accident

Answer: sliding

Question 10: total cost = ____ costs + ____ costs

Answer: direct , indirect



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