Which Statement Regarding Cost-Benefit Factors, in Hazard Analysis, Is Correct

question 18

Multiple Choice

Which statement regarding cost-benefit factors, in hazard analysis, is correct?

• A) The cost of a remedy should be less than the benefit it produces.
• B) The cost of a remedy should be greater than the benefit it produces.
• C) The cost of a remedy should not be a factor in health and safety.
• D) The cheapest solution is the best.
• E) The benefit will be proportional to the cost.

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Definitions:

Inadequate

Lacking the quality or quantity required; insufficient for a purpose.

Assets

Economic resources owned or controlled by an individual or entity, expected to produce future benefits.

Default

The failure to fulfill a financial obligation, such as not making the required payments on a loan.

Credit

The trust which allows one party to provide resources to another party wherein the second party does not reimburse the first party immediately but promises either to repay or return those resources at a later date.