BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ is an indirect cost related to the severity of a risk. Page 52
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Overtime pay
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Low morale
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Costs for medical treatment
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Having to replace expensive equipment
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Explanation:
Detailed explanation-1: -Indirect costs are additional or hidden costs associated with an accident. These are not covered by insurance, are typically unexpected, and rarely budgeted. Because of this, they can have devastating and lasting impacts on companies that bear the brunt of them.
Detailed explanation-2: -direct risk-a threat to the business that is within your control. indirect risk-a threat to the business that is out of your control.
Detailed explanation-3: -Indirect injury costs include, but are not limited to: Lost of Productivity or Service Standards. Additional Supervision Time and Administrative Costs. Temporary Labor and Overtime Costs.
There is 1 question to complete.