What type of cost includes wages paid for time lost by workers not injured?

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The correct answer is associated with the category of costs that refers to wages paid for time lost by workers not injured, which falls under uninsured costs. Uninsured costs are those costs that are not covered by insurance policies and include expenses that a company incurs regardless of any actual claims made.

In the context of wages for time lost by workers who are not injured, these are costs absorbed directly by the employer as a result of productivity loss when workers are absent due to other circumstances, such as illness or personal issues. This makes them uninsured because they are not covered by any insurance plan.

Insured costs would typically refer to expenses that can be claimed back through insurance, usually related to actual injuries or accidents covered under a workers' compensation policy. Opportunity cost refers to the value of the best alternative that is foregone when a decision is made, which is not directly tied to wages. Administrative costs deal with expenses related to management and support functions rather than direct labor costs lost due to worker absence.

Thus, identifying these types of costs correctly is crucial for organizations to understand their financial liabilities and potential areas for improving workforce management and cost control.

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