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tensa zangetsu [6.8K]
3 years ago
10

Explain the hierarchy of controls in risk management and how you would use these control measures.

Business
1 answer:
Serga [27]3 years ago
6 0

Answer:

Hierarchy of hazard control is a system used in industry to minimize or eliminate exposure to hazards. It is a widely accepted system promoted by numerous safety organizations. This concept is taught to managers in industry, to be promoted as standard practice in the workplace.

Explanation:

five rungs of the Hierarchy of Controls: elimination, substitution, engineering controls, administrative controls and personal protective equipment. The hierarchy is arranged beginning with the most effective controls and proceeds to the least effective.

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Compute the payback period for each of these two separate investments: A new operating system for an existing machine is expecte
labwork [276]

Answer:

Project A's payback period = 2.23 years

Project B's payback period = 3.3 years

Explanation:

                                                              project A                project B

initial investment                                 $290,000               $210,000

useful life                                               6 years                   11 years

yearly cash flow                     $83,653 + $46,500     $46,000 + $17,727

                                                         = $130,153                = $63,727

salvage value                                          $11,000                 $15,000

payback period                      $290,000 / $130,153  $210,000 / $63,727

                                                        = 2.23 years              = 3.3 years

8 0
3 years ago
Which of the following is an example of representative money?
Leto [7]
"Representative money<span> is an item such as a token or piece of paper that has no intrinsic value but can be exchanged on demand for a commodity that does have intrinsic value, such as gold, silver, copper, and even tobacco" Google.

</span>C) A check. 

5 0
3 years ago
Read 2 more answers
Moon Lee received her bank statement on September 8, showing a balance of $2,009.32. The balance shown in her checkbook was $2,4
Ivenika [448]

Answer:

Reconciled balance for both bank and cheque book statement is $2,572.51

Explanation:

To find the reconciled balance, we start of with reconciling the bank statement with cheque book statement

Bank statement

Balance as per bank statement

$2009.32

Add: deposits in transits

$1,197.87

Less: outstanding checks

($310.18 + $324.50)

Reconciled balance

$2,572.51

Cheque book

Balance as per cheque book

$2,469.31

Add: interest earned

$109.20

Less: service charge

($6)

Reconciled balance

$2,572.51.

8 0
3 years ago
In an open economy, gross domestic product equals $2,450 billion, consumption expenditure equals $1,390 billion, government expe
N76 [4]

Answer:

$735 billion

Explanation:

Calculation to determine the national saving

Using this formula

National saving =Gross domestic product-Consumption expenditure-Government expenditure

Let plug in the formula

National saving=$2,450 billion-$1,390 billion- $325 billion

National saving=$735 billion

Therefore the national saving is $735 billion

7 0
3 years ago
Which of the following is the BEST reason to use cash for making purchases?
zhuklara [117]

Answer:

C.

Explanation:

4 0
3 years ago
Read 2 more answers
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