A Certain Company Estimates That Implementation of a Safety Glasses

question 47

Essay

A certain company estimates that implementation of a safety glasses policy will cost $8000 per year.Eye injuries are rare in this plant,but 2 have occurred over the past five years at a cost of $50,000 each including direct costs and estimated hidden intangible costs.It is believed that the proposed safety glasses policy will reduce the hazard of eye injuries by 75%.If interest and inflation are ignored,the $20,000 actual cost is assumed to be typical of eye injury costs.Perform a cost/benefit analysis to weigh the benefits of the proposed safety glasses policy against its expected costs.

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Definitions:

Flu Shots

Vaccinations that protect against the influenza virus, recommended annually to reduce the risk of flu and its complications.

Preventing Outbreak

Measures and practices aimed at stopping the spread of infectious diseases before they can become widespread.

Community Health

The study and improvement of health within a particular geographic area or group of people.

Playground

An outdoor area provided for children to play, typically equipped with recreational structures like slides and swings.