0
In making decisions to plan for hazards what must be considered in addition to the cost and benefits?
Wiki User
∙ 7y ago
The damages
Anonymous
Add your answer:
Earn +20 pts
What hazards and risks arising from the use of specified plant equipment machinery and materials?
nonr
What are five hazards of globalization?
The Hazards of Globalization: Economic Development - rapid changes and unequal economic power can lead to radically unequal development. Labor Rights - the mobility of investment and jobs can enable companies and countries to exploit workers. Environmental Problems - lack of world environmental standards can increase pollution and ecological damage. Human Rights - the profit motive can get companies to look the other way when governments violate human rights. Terrorism - cultural and political disruptions can spur on terrorists to attack the forces they feel are undermining their worl
What are the disadvantages of reinsurance?
Among the know disadvantage of insurance is that it may enhance the Moral and Morale hazards in the society. Moral hazard refers to the situation where people become reckless or careless because they feel they are 'covered'. Morale hazard on the other hand refers to the situation which encourages some individuals to cheat and to try to benefit from insurance claims by either staging fake accidents or exaggerating their claims. In some instances of life insurance, some contracts (where the policy is owned by a party not strongly related to the insured) may encourage wagering on human life, hence it may encourage crimes. The benefits and advantages of insurance significantly outweigh its disadvantages!
What are Non Price factor affecting Supply?
-Government policy -Supply ban -Subsidy -Technology -Cost of production -Weather (natural hazards) -Cost of production (Capital, Enterprise, Land, Labour CELL) -Objective of a business -The size and nature of a industry
Discuss some of the manifestations of the globalization of world capital markets?
The globalization of world capital markets provides nations, along with a number of businesses, including banking, central banking, & investment banking with a large degree of liquidity. This liquidity encourages world wide investments as major global players have confidence that there will be an active market for buying and selling. The linkage provided by this globalization, however, can be problematic in a severe crisis. When liquidity shrinks, and credit tightens, this can cause global disruptions in the in bond and equity markets. In the past where some nations had closed economies or set their currency's value by fiat, the benefits along with the hazards were not felt entirely on a global basis. The penalty for this was the inability of those particular nations to entertain growth from capital from abroad.
Are animals pedestrians and bicyclists considered roadside hazards?
It depends on the context, but pedestrians and cyclists, if obeying rules, are not hazards. Animals are considered hazards
What is step five in the RM process?
Identify Hazards, Assess hazards, develop controls and make risk decisions, implement controls, supervise and evaluate to reduce hazards.
What are the five steps of risk management?
Identify Hazards Assess Hazards Develop controls & Make Decisions Implement Controls Supervise & Evaluate
What is the proper order of the five steps of the ORM process?
Identify Hazards; Assess Hazards; Make risk decisions; Implement Controls; Supervise
What are the five step composite risk management?
Identify Hazards Assess Hazards Develop controls & Make Decisions Implement Controls Supervise & Evaluate
What are the the five steps of composite risk management?
Identify Hazards Assess Hazards Develop controls & Make Decisions Implement Controls Supervise & Evaluate
What are the management steps of composite risk management?
Identify Hazards Assess Hazards Develop controls & Make Decisions Implement Controls Supervise & Evaluate
What is the five step crm process?
Identify hazards, assess hazards, develop controls and make decisions, implement controls, supervise and evaluate.
What are the five steps of the Air Force Risk Management process are?
Identify the hazards Analyze risk control measures Assess risk levels Make risk decisions Plan risk avoidance
What the correct order for the steps in the composite risk management process?
Identify hazards, Assess hazards, Develop controls and make decisions, Implement controls, Supervise and evaluate
What is the correct order for steps in the composite risk management process?
Identify hazards, Assess hazards, Develop controls and make decisions, Implement controls, Supervise and evaluate
What is the correct order for the steps in the Composite Risk Management process?
Identify hazards, Assess hazards, Develop controls and make decisions, Implement controls, Supervise and evaluate
