The Second Step in a Risk Management Program Is to

question 225

Short Answer

The second step in a risk management program is to
measure frequency and severity of potential losses.
monitor results of the program.
evaluate alternatives.
implement the program.
identify risks and potential losses.

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Definitions:

Fair Labor Standards Act

U.S. law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.

Heavy Machinery Work

Tasks or jobs that involve operating large machinery often used in construction, manufacturing, or transportation.

Hazardous Occupations

Jobs or professions that expose workers to risks that could harm their health or safety.

Davis-Bacon Act

A federal law that requires the payment of prevailing wage rates to all laborers and mechanics working on public construction projects.