Which among the following are the hidden costs of industrial accidents? (1) Worker distraction (2)…
In industrial safety cost accounting, indirect or 'hidden' costs of workplace accidents (not covered by workmen's compensation insurance) include worker distraction and lost…
Choose your answer
Which among the following are the hidden costs of industrial accidents?
(1) Worker distraction
(2) Paperwork
(3) Wages
(4) Spoiled work
(5) Loss of efficiency due to break-up of crew
Answer and explanation
Correct answer A
In industrial safety cost accounting, indirect or 'hidden' costs of workplace accidents (not covered by workmen's compensation insurance) include worker distraction and lost time of co-workers (1), administrative/supervisory paperwork and investigation time (2), wages paid for time lost by uninjured workers or injured workers beyond compensation (3), spoiled work, and crew disruption.
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UGC NET HRM / Labour Welfare and Industrial Relations