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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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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