The Construction Foreman Posted a Large Sign Requiring All Work

question 88

Multiple Choice

The construction foreman posted a large sign requiring all work site visitors to don a hard hat and safety glasses.He also purchased copious quantities of both items and made them readily available at the entrance.The foreman is engaged in:

• A)risk identification.
• B)risk mitigation.
• C)analysis of probability and consequences.
• D)control and documentation.

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Definitions:

Performance Measure

Metrics or benchmarks used to gauge an individual's, department's, or organization's performance against expected results or goals.

Profit Margin

A financial ratio used to assess a company's profitability by dividing net income by revenue, demonstrating the percentage of revenue that constitutes profit.

Income From Operations

The income earned from a company's everyday core business operations, excluding income from investments and other non-operational sources.

Invested Assets

Assets that are purchased or acquired for long-term income potential or to benefit the business operations.