The Occupational Safety and Health Administration (OSHA) Has Determined That

question 150

Multiple Choice

The Occupational Safety and Health Administration (OSHA) has determined that the probability of a worker dying from exposure to a hazardous chemical used in the production of fertilizer is 0.008. The cost of imposing a regulation that would ban the chemical is $32 million. If the value of a human life is equal to $10 million, how many people must the policy affect in order for the benefits to exceed the costs?

• A)256
• B)401
• C)3201
• D)4001

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Definitions:

Introducing Innovations

The process of implementing new ideas, products, or methods within an organization or society to improve efficiency, effectiveness, or outcomes.

New Line Of Business

The act of introducing a new set of products, services, or market focus in a company's business offerings.

More Organic

A term referring to processes, products, or entities that are more natural, less artificial, or closer to their state in nature.

Exploitation

The act of using someone or something unfairly for one’s own advantage, often without proper compensation or consideration.