Purchase Solution

Environmental Law and Policies

Not what you're looking for?

Ask Custom Question

How important should cost-benefit analysis be in risk management decisions? Should such considerations be uniform for all environmental issues?


Purchase this Solution

Solution Summary

This solution is provided in 487 words. It discusses cost-benefit analysis in decisions for risk management, specifically in relation to the environment and awareness.

Solution Preview

Cost benefit analysis is extremely important in risk management decisions. Cost-benefit analysis is one of the tools available to aid decision-making in the consumer safety field and risk management decisions. Cost benefit analysis can be done by assessing terms of savings in: i) medical costs (accident and emergency department costs, in-patient costs, ambulance costs, out-patient costs); ii) loss of output (lost output of victim, lost output of others); iii) other service costs (e.g. fire fighting costs, social service costs); iv) property damage costs; v) other costs (e.g. additional costs experienced by the victim and his family for transportation, provision of home care, legal costs, etc.). As well, other costs include i)manufacturers' costs (change in set-up costs, change in operating costs); ii)social costs of ...

Purchase this Solution

Free BrainMass Quizzes
Javscript Basics

Quiz on basics of javascript programming language.

Basic Networking Questions

This quiz consists of some basic networking questions.

Basic Computer Terms

We use many basic terms like bit, pixel in our usual conversations about computers. Are we aware of what these mean? This little quiz is an attempt towards discovering that.

Basic UNIX commands

Use this quiz to check your knowledge of a few common UNIX commands. The quiz covers some of the most essential UNIX commands and their basic usage. If you can pass this quiz then you are clearly on your way to becoming an effective UNIX command line user.

C++ Operators

This quiz tests a student's knowledge about C++ operators.