Safety Contests _

question 50

Multiple Choice

Safety contests _.

• A)don't work in the long run
• B)can be effective in the short run
• C)can be effective, but may encourage workers to suppress accurate reporting of accidents
• D)are not recommended by human resource specialists as a means of reducing accidents

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Definitions:

Producer Surplus

The difference between the amount that producers are willing to accept for a good or service and the actual amount they receive, due to higher market prices.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that producers are willing to supply.

Efficiency

The ability to produce maximum output with a given set of inputs or resources, minimizing waste and costs.

Equality

The state of being equal, especially in status, rights, and opportunities.