Assessing risk in the workplace
Describe the primary steps in assessing risk in the workplace with respect to Health and safety, identify and discuss what actions should be taken to manage or wipe out the risks posed?
Expert
1. Identify the hazards:
Firstly, there is a need to make out how individual could be injured or harmed. In case when an individual operates in a workplace daily it is quite possible to oversee a number of risks. Therefore, in order to efficiently manage the hazards and threat posed by them several ways can be considered such as moving around the workplace, asking workers what they feel as they might have come across things that are not instantly understandable otherwise, visiting the HSE website as it publishes useful supervision on where hazards happen and ways to manage them etc. 2. Risk Management:
Analyzing the risk encompasses evaluation of the Consequences, Exposure and Probability of the risk by the means of risk score calculator. It offers a qualitative instrument that aids in prioritizing risk. The risk matrix is adopted to evaluate and prioritize risks; then taking into account with high priority risks first and least once in the last.3. Decide on measures to control the risk:
Risk can be controlled in several ways like trying a less hazardous alternative, avoiding access to the risk, categorize work to decrease contact with the hazard etc.
Suppose that your company has an equity position within the French firm. Explain some of the condition under which the dollar/franc exchange rate uncertainty does not have the exchange exposure for your company.
Define the term Kiting in Accounting stream?
A bank quotes an interest rate of 13.5% per annum with quarterly compounding. What is the equivalent rate with (a) continuous compounding and (b) annual compounding?
What is meant by the forfaiting transaction?
Give me answer of this question. The prime interest rate usually: A) rises when the Federal funds rate rises. B) rises when the discount rate falls. C) falls when the Federal funds rate rises. D) falls when the Fed sells bonds in the open market
Country C is able to generate seven pounds of food or four yards of textiles per unit of input. Calculate the opportunity cost of producing food rather than textiles. Also, compute the opportunity cost of producing textiles rather than food.
Identify and briefly explain the patterns in terms of how relationships tend to come apart (not together) or deteriorate. Use a real or hypothetical illustration to describe each of such phases.
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
Write down the demerits of implementing Uniform Costing?
Specify intuition behind NPV capital budgeting framework?
18,76,764
1934119 Asked
3,689
Active Tutors
1426345
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!