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.
Give some remark over the given statement: “As imports of the U.S. is more than its exports, it is essential for U.S. to import the capital from foreign countries in order to finance its current account deficits.”
Define transaction exposure and explain how it is different from the economic exposure?
What is Treasury bills? What did they do?
The Webster Company uses the aging method to estimate the allowance for doubtful accounts. The following schedule of accounts receivable was prepared as at December 31, 20x6: Age Balance %
How to evaluate the cost of intangible asset?
Discuss and compare the costs of hedging through the forward contract and the options contract.
Explain the term Contingent Liabilities?
Explain the terminology that an option is in-, at-, or out-of-the-money?
WHAT IS REDUMPTION? AND WHAT ARE THE CONDITIONS?
You expect the price of the stock 3 years from now to be $119.04 (i.e., you expect P ˆ 3 ?? = $119.04). Discounted at a 10% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $119.04.&nb
18,76,764
1936151 Asked
3,689
Active Tutors
1436742
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!