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

question 310

Multiple Choice

The Occupational Safety and Health Administration (OSHA) has determined that 100 workers are exposed to a hazardous chemical used in the production of diet soft drinks. The cost of imposing a regulation that would ban the chemical is $10 million. OSHA has calculated that each person saved by this regulation has a value equal to $10 million. If the benefits are exactly equal to the costs, what probability is OSHA using to assess the likelihood of a fatality from exposure to this chemical?

• A)0.001
• B)0.01
• C)0.1
• D)1.0

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Definitions:

Future Earnings

Projected income or profit that an individual, company, or asset is expected to generate in the future.

Migration

The movement of people from one place to another, often from one country to another, for reasons such as employment, education, or escape from conflict.

Wage Rate

The amount of compensation or payment given to an employee for work performed, typically expressed as a rate per hour or piece.

Zinnia

A genus of plants of the sunflower tribe within the daisy family, known for their vividly colored flowers.