heights) 2. ensure that the use, handling, storage and transport of chemicals (such as dangerous goods and other harmful materials) is safe and without risks to health 3. ensure that the workplace is safe and without risks to health (such as fire exits are not blocked, emergency equipment is serviceable, and the worksite is generally tidy) 4. provide workers and contractors with adequate facilities (such as first aid, clean toilets, clean drinking water, hygienic eating areas, etc)
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Medical exam required by insurance company, why? - Info asymmetry exists btw investor (customer investing in policy) and company. If no exam was done, the insurance company would offer the policy at an average price and healthy “good” customers would not buy the policy. Only lemons would purchase the policy and this result is adverse selection. Adverse selection leads to market failure because all the good customers are pushed out of the market and eventually the insurance companies would stop
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include the name of the agent (s), laboratory’s biosafety level, supervisor’s name (or other responsible personnel), telephone number(s), and required procedures for entering and exiting the laboratory. Personal Protective Equipment Once a biological hazard has been identified, the supervisor and employee must agree on the appropriate personal protective equipment (PPE) to be worn as the primary barrier of protection. PPE may include, but is not limited to face protection, lab coats and gowns, respirators
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"There is nothing natural about natural disasters". To call a disaster ‘natural’, means that it has occurred completely independent of the influence of humans. The damage caused by Hurricane Katrina, cannot solely be held accountable by a force of nature, however destructive. Human factors have had an equally damaging effect on the affected areas. It is clear to anyone studying natural disasters that, the difference between who lives and who dies depends largely if not completely on which side of
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securities. In order to help us understand why, Chapter 10 in the book gave a great example on insurance companies. Let’s consider two types of home insurance: theft insurance and earthquake insurance. Lets also suppose that the risk of these two hazards is similar for a given home in a given area. Based on this information we would know that the risks of the individual policies are similar, however, the risks of the portfolios might be drastically different. For example, if the chance of theft in
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Name: Unit name: Institution: Date: One and the most obvious reason that makes people support the prevention of diseases is because the illness that can be prevented by giving a vaccine has not gone away. The causes of these illnesses whether viruses or bacteria still exist and can be transmitted to other people who are not protected against the illness. Research enhances the prevention of illnesses by the use of a vaccine makes one healthy as recommended
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About Financial Structure Throughout the World •Transaction Costs •Asymmetric Information: Adverse Selection and Moral Hazard Copyright ©2015 Pearson Education, Inc. All rights reserved. 7-4 Chapter Preview (cont.) • The Lemons Problem: How Adverse Selection Influences Financial Structure • How Moral Hazard Affects the Choice Between Debt and Equity Contracts • How Moral Hazard Influences Financial Structure in Debt Markets • Conflicts of Interest Copyright ©2015 Pearson Education, Inc. All rights
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10 provides requirements to ensure that portable fire extinguishers will work as intended to provide a first line of defense against fires of limited size. Criteria cover installations for Class A, B, C, D, and K hazards as well as the selection, inspection, maintenance, recharging, and testing of portable fire extinguishing equipment. Includes a list of obsolete fire extinguishers that should be removed from service. NFPA 1, Fire Code, advances fire and life safety for the public and first responders
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safe manner. This is usually done by training employees in health and safety, supervising the workplace, identifying and addressing hazards, etc. But what about when employees are injured at the workplace but not while they are doing work? For example, an employee could be walking down some stairs at the workplace and slip and get injured. There could be no hazards in the way and all the safety measures in place, such as railing. The employee could have been thinking of something worrisome in his/her
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financial systems rules. Financial regulation within a system that clearly had ulterior motives and lacked market discipline is inevitable. Without clear transparency of what and how borrowers are investing individuals savings will surely lead to moral hazard and conflicting interests. With Dodd Frank hopefully some of this asymmetric information will be largely more apparent to an inspecting investor. This Act aims to promote the financial stability of the United States financial system by implementing
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