Question

In describing Whom do you hurt? the business plan is describing a. Potential product liability suits b. Projected workers compensation claims c. Both a. and b. d. Neither a. nor b.

Answer 1

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Below are the answer to your question

Question : In describing Whom do you hurt? the business plan is describing

A. Potential product liability suits

B. Projected workers compensation claims

C. Both a. and b.

D. Neither a. nor b.

Explanation

A) Potential product liability suits

Businesses that make or sell products are responsible for ensuring that those products are safe and do not pose a hazard to the public. Such businesses can be held liable for any damage or harm their products might cause.

According to Section 102(2) of the Uniform Product Liability Act, product liability includes "all claims or action brought for personal injury, death, or property damage caused by the manufacture, design, formula, preparation, assembly, installation, testing, warnings, instructions, marketing, packaging, or labeling of any product."

B. Projected workers compensation claims

• Any wages paid to the injured employee for absences not covered by workers’ compensation
• Wage costs related to time lost through work stoppage associated with the worker’s injury
• Overtime costs
• Time spent by administrators, supervisors, safety personnel and many others who have to handle the claim
• Cost of hiring and training a replacement worker
• Lost productivity related to work rescheduling, new employee learning curves and accommodating the injured employee
• Cost to clean up, repair, and replace equipment and machinery damaged by the accident

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