Module 2 example #8334

In order for the cost to be paid, the organization must use the profit of the company. Accidents affect the organization's profitability because the costs of the accidents must be paid from increased revenue.

Profit Margin=Total Profits/Total Sales

Revenue Required=Total Cost of Incident/Profit Margin

Are not paid through the insurance and therefore are unrecoverable. The relationship between direct cost and indirect cost is the indirect cost is greater than the direct cost for the company.

Single Factor Theory Domino Theory Multiple Factor Theory Human Factor Theory Swiss Chees Theory

Physical therapy, Medical expenses, and Repair fees for damaged equipment

True

Indirect

Causation

Pre-contact, contact, post-contact

Profits

True

Active failures and Latent Failures

Negligible, marginal, critical, and catastrophic.

direct and indirect cost