1.Improvement of worker health and safety should be a priority task for business

Question

1.Improvement of worker health and safety should be a priority task for businesses, emphasizing not only on those high-risk jobs but in the entire work process.

True

False

2. OSHA states that by implementing a VPP, employers can reduce both direct and indirect costs.

True

False

3. The difference between a cost-benefit analysis and a cost-effectiveness analysis is that the cost effectiveness analysis compares costs and benefits in dollar amounts, while cost-benefit analysis compares the cost of the intervention with the resulting improvement in health

True

False

Explanation / Answer

1) True

2)True

3)False. Cost-benefit relies on a common measure, with costs and benefitsexpressed in monetary units. If thecosts and outcomes of a program are expressed in dollars, for example, theanalysis is a cost-benefit. Cost-effectiveness analysis measures project results in units rather than monetary figures.

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