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3 years ago

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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As a result of a thorough physical inventory, Railway Company determined that it had inventory worth $180,000 at December 31. Th

fgiga [73]

Answer:

The answer is: $215,000

Explanation:

Railway Company should include the goods worth $35,000 that Rogers Consignment store has. Once this amount is included, the total inventory for Railway Company should be $215,000 ($180,000 + $35,000).

Merchandise purchased and shipped as FOB destination, belongs to the seller until it has been properly delivered to the buyer. It will increase the inventory once it arrives on January 3.

7 0

2 years ago

Bill lends Joann $1,000 for a year at a nominal interest rate of 6%. If both Bill and Joann expect the inflation rate to be 3

Kamila [148]

the answer would be 3%

7 0

3 years ago

Exotic Stuff Company and First Pier, Inc., form a business organization to engage in importing and exporting. Its property is he

NeTakaya

Answer:

B. Joint Stock Company

Explanation:

A few information provided in the question give good clues to the kind of business organisation being run. First, it is a business held in the names of its members, secondly, they are shareholders and thirdly, they hold personal liabilities in the business. This are features of a Joint Stock Company

A Joint Stock company is a business organisation is a vouluntary association of persons, where the capital is divided into transferable shares and these are the basis and condition of membership of the business organisation. The purpose of this organisation is primarily profit making.

A key feature of a Joint Stock Company is also featured in the question and this is the personal liability or liability limited to the member's share or ownership in the business organisation

Although this can be confused with the Joint Venture, a joint venture is simply an agreement betwen two organisations to come together to carry on business with pre-agreed rate of shareholding.

A Syndicate on the other hand is a group of companies, individuals or coroporations self-organised to carry out a specific business or pursue a shared interest.

Finally, a business trust is one in which there are investors and trustees. The investors receive certificates of beneficial interests which are transferable while the trustees adminster the business on behalf of the investors.

6 0

3 years ago

Omni Corporation's accumulated depreciation—equipment account increased by $5,300, while $3,400 of patent amortization was recog

dmitriy555 [2]

Answer:

Cashflow from Operating Activities

Net Income $120,400

Adjastment for Non-Cash Items

Depreciation $5,300

Amortization $3,400

Adjastments of Items appearing elsewhere

Loss from the sale of land $4,000

Net Cash flow from operating activities $133,100

Explanation:

Net Income is reconciled in the cashflow statement via the indirect method. Its is adjasted for Non-Cash Items, Items appearing elsewhere in the cashflow statement and Working Capital Movements

8 0

3 years ago

The price of a large pizza decreased from $18.00 to $14.00. As a result, the quantity demanded of skateboards increased from 330

natta225 [31]

Answer:

a. The percentage change in pizza prices is -25.00%.

b. The percentage change in pizza prices is 5.88%.

c. The cross elasticity of demand for pizza and skateboards is -23.53%.

We follow these steps to arrive at the answer.

<h3>a. Percentage change in price of pizza</h3>

The percentage change in price of pizza using the midpoint formula is:

$percentage change in price = ({\frac{P_{2} - P_{1}}{Average price})*100$