While Reviewing Safety Statistics for the Oceans of Fun Aquarium,the

question 82

Multiple Choice

While reviewing safety statistics for the Oceans of Fun Aquarium,the HR manager noticed that the South Seas exhibit staff have had a 20 percent increase in the number of "slip and fall" accidents over the last year.This should trigger

• A) discipline of the South Seas employees because they have been lax in following safety rules.
• B) discipline of the South Seas exhibit manager because he has not been properly enforcing safety rules.
• C) an investigation of the cause(s) of the slip and fall accidents.
• D) sending employees to a workshop on "preventing slips and falls."

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Definitions:

Decreasing Opportunity Costs

A situation where the cost of forgoing the next best alternative decreases as more units of a product are produced.

Production Possibility Frontier

A curve depicting the maximum attainable combinations of two or more goods and services that can be produced with available resources and technology.

Opportunity Costs

The cost of choosing one option over another, represented by the value of the opportunities or benefits the second-best choice would have provided.

Aggregate Demand

The total demand for goods and services within a particular market or economy at a given overall price level and in a given time period.