COSHEM Practice Questions - Certificate In Occupational Safety, Health & Environmental Management Exam

In the study of safety economics, the 'iceberg theory' of accident costs suggests that:

Direct costs like medical bills are much higher than indirect costs Uninsured indirect costs are far greater than insured direct costs Icebergs represent the stability of a company's safety committee All accident costs are fully covered by standard government insurance

Correct Answer:

Uninsured indirect costs are far greater than insured direct costs

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