Highway Engineers Want to Improve a Dangerous Stretch of Highway

question 374

Multiple Choice

Highway engineers want to improve a dangerous stretch of highway. They expect that it will reduce the risk of someone dying in an accident from 5.3 percent to 2.1 percent over the life of the highway. If a human life is worth $10 million, then the project is worth doing as long as it does not cost more than

• A)$53,000.
• B)$210,000.
• C)$320,000.
• D)$2.1 million.

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Definitions:

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.

Stakeholder Analysis

A process of identifying and assessing the interests and influence of people or groups that have a stake in a project or organization's success.

Analytical

Relating to or using analysis or logical reasoning to evaluate or solve problems.

Incremental

Pertaining to a gradual, step-by-step approach to change, rather than significant shifts or complete overhauls.