Which of the Following Reasons Describes the Need for Workplace

question 1

Multiple Choice

Which of the following reasons describes the need for workplace health and safety?

• A)Lower insurance and compensation cost
• B)Less damage to plant and equipment
• C)Higher productivity
• D)Higher absenteeism rate

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, with high elasticity indicating sensitivity.

Appropriations

Funds that are set aside by a governing body, like a legislature, for a specific use or purpose as part of a budget or spending bill.

Tuition

The fee for instruction, especially for higher education institutions.

Price-Elastic

Describes a situation where the demand for a product changes significantly in response to changes in its price.