The ____ Approach to Safety Management Focuses on Designing Jobs

question 14

Multiple Choice

The ____ approach to safety management focuses on designing jobs, developing and implementing safety policies, and using safety committees.

• A) engineering
• B) systems
• C) organizational
• D) individual

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a particular market.

Firm

An organization, especially one involved in business or commerce, that produces and sells goods or services.

Economic Profit

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.

Profit-Maximizing Output

The level of production at which a company achieves the highest possible profit, where marginal cost equals marginal revenue.