The Occupational Safety and Health Administration (OSHA) Has Determined That

question 310

Multiple Choice

The Occupational Safety and Health Administration (OSHA) has determined that 100 workers are exposed to a hazardous chemical used in the production of diet soft drinks. The cost of imposing a regulation that would ban the chemical is $10 million. OSHA has calculated that each person saved by this regulation has a value equal to $10 million. If the benefits are exactly equal to the costs, what probability is OSHA using to assess the likelihood of a fatality from exposure to this chemical?

• A)0.001
• B)0.01
• C)0.1
• D)1.0

Recognize the sources and limits of crime data and the difference between official statistics and self-reported measures.

Understand Freud's structural model of personality including the id, ego, and superego.

Comprehend the principles governing the operations of the id (pleasure principle), ego (reality principle), and superego.

Recognize the concepts of conscious, preconscious, and unconscious levels of the mind.

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Definitions:

Standard Costing System

A cost accounting method that assigns fixed costs to products or services based on standard estimated costs.

Inventories

Assets held for sale in the ordinary course of business, or goods in the production process or materials to be consumed in the production process or in the rendering of services.

Historical Data

Data from past periods, used for analysis, forecasting, or research to understand trends, patterns, or outcomes.

Mature Production Process

Indicates a manufacturing or production process that has reached a stage of optimization and efficiency through experience and adaptation.