NR 546 Midterm Exam Questions with Verified Answers
NR 546 Midterm Exam Questions with Verified Answers System 1 vulnerabilities - Answer--availability -loss aversion System 1 movie example - Answer-Indiana Jones, Chaos on the Tarmac What is system 2 - Answer-slow thinking -reasoning -problem solving -often lazy easily distracted System 1 equalizers - Answer--frequent exposure -status quo -tunnel vision What mobilizes system 2 - Answer-cognitive strain What is frequent exposure - Answer-ideas and situations we often encounter most often come to mind (another way of expressing availability heuristic) Frequent exposure solution - Answer-Ask these key questions: -is this the best option? -is it the option I've been most frequently exposed to? What is status quo - Answer-loss aversion and endowment effect heuristics encourage us to maintain the status quo Status quo solution - Answer-Ask the question: -what opportunities am I losing by maintaining the status quo? Tunnel vision solution - Answer-Ask the question: -why might the opposite be true? Doc Holiday quote - Answer-"When in a hurry, move slow" What is the pareto principle - Answer--80% of land is owned by 20% of the population What is a pareto chart - Answer-histogram used to view causes of a problem in order of severity from largest to smallest When can a pareto chart be useful for OSH - Answer--comparing and selecting hazard causes that produce the most severe consequences -selecting the most beneficial risk treatments Pareto charting steps - Answer-1. place data in table format 2. sort data high to low
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- March 5, 2024
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nr 546 midterm exam questions with verified answer
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types of pure risk answer hazard
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types of speculative risk answer financial
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decision making biggest influencers answer fea
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