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Chapter Twenty-Five – Preparing for Emergencies and Terrorism
1. Dene the term emergency.
2. Explain the rationale for emergency preparation.
A quick and proper response, the kind that is most likely to occur as the
3. List and explain the four main components of the Emergency Planning and
Community Right-to-Know Act.
Emergency Planning - The emergency planning component requires that
Emergency Notication - The emergency notication component
Information Requirements - Information requirements mean that local
Toxic Chemical Release Reporting - The toxic chemical release
reporting component requires that local companies report the total amount
4. Describe how a company’s emergency response e3ort should be coordinated.
One person is in charge.
5. How do OSHA standards relate to emergency preparation?
6. Explain how you would provide rst aid training if you were responsible for
setting up a program of your company.
First aid programs are usually available in most communities. The
7. Besides training, what other rst aid preparation should a company take?
Have well-stocked rst aid kits available.
8. What are the critical elements of OSHA’s standard for evacuation planning?
This standard requires a written plan for evacuating the facility in the event
© 2015 Pearson Education, Inc.
2 Gitman/Zutter • Principles of Managerial Finance, Fourteenth Edition
9. Describe the essential components of an EAP and explain how to build the needs
of personnel with disabilities into the plan.
Procedures - Specic, step-by-step emergency response procedures
Coordination - All cooperating agencies and organizations and emergency
Assignments/Responsibilities - Every person who will be involved in
Accident Prevention Strategies - The strategies that are supposed to be
used on a day-to-day basis to prevent the type of emergency being
10. How can a company localize its EAP?
A map of the specic plant will help localize an EAP.
An organizational chart illustrating the chain of command, who is
11. Dene the following emergency response concepts: ERT, ERN, TRT.
ERT - An emergency response team (ERT) is a special team that responds to
ERN - An ERN is a network of ERTs that covers a designated
TRT - A TRT helps employees get back to normal by helping them come
12. What is an expert system? How can one be used in responding to an
emergency?
An expert system is a computer programmed to solve problems. Such
systems rely on a database of knowledge about a very particular area, an
13. What is trauma?
Trauma is psychological stress. It occurs as the result of an event,
14. Why should a company include trauma response in its EAP?
Left to their own inadequate resources, workers can become ill or unable
to function. They may develop resentment toward the organization, which
Chapter 1 The Role of Managerial Finance 3
15. Describe how a company may respond to the trauma resulting from a
workplace emergency?
The job of the TRT is to intervene as early as possible, help employees
16. What elements should a disaster recovery plan contain?
A comprehensive disaster recovery plan should have the following
17. How can employers prepare for the threat of terrorism?
Run a safe and caring operation, listen to employees, train employees,
communicate, know your personnel, empower personnel, harden the site
18. Explain the precautions that should be taken before resuming business after a
disaster.
A comprehensive hazard assessment should be completed before
business is resumed:
Structural Integrity
Utility Checks
Clean-up Protection
Heath and Sanitation
Chapter Twenty-Six – Ethics and Safety
1. Dene the term morality.
2. Dene the term ethics.
4 Gitman/Zutter • Principles of Managerial Finance, Fourteenth Edition
3. BrieCy explain each of the following ethics tests: morning-after, front-page,
mirror, role reversal, common sense.
Morning-After Test - This test asks, “If you make this choice, how will you
Front-Page Test - This test encourages you to make a decision that would
Mirror Test - This test asks, “If you make this decision, how will you feel
Role Reversal Test - This test requires you to trade places with the
Common Sense Test - This test requires you to listen to what your
4. What is the safety and health professional’s role with regard to ethics?
The role of safety and health professionals with regard to ethics has three
parts. First, they are responsible for setting an example of ethical
behavior. Second, they are responsible for helping fellow employees make
5. BrieCy explain the following approaches to handling ethical behavior: best ratio,
black and white, full potential.
Best Ratio Approach - The best ratio approach is the pragmatic
Black and White Approach - Using the black and white approach, right is
Full Potential Approach - The full potential approach, make decisions
6. BrieCy explain a company’s role with regard to ethics.
A company’s role in ethics can be summarized as 1) creating an internal
7. Explain how one should proceed when facing an ethical dilemma.
Apply the various guidelines for determining what is ethical that were
presented earlier in this chapter.
8. Write a brief ethics philosophy for a chemical company.
9. List the individual and social factors that might inCuence an employee’s ethical
behavior.
Chapter 1 The Role of Managerial Finance 5
10. What questions should safety and health professionals ask when making
decisions that have an ethical component?
Has the issue or problem been thoroughly and accurately dened?
Have all dimensions of the problem been identied?
Would other stakeholders agree with your denition of the problem?
11. Explain the most common problems associated with whistle-blowing?
Don’t be a tattle-tale attitude
Retribution
Chapter Twenty-Seven – Hazard Analysis/Prevention and Safety
Management
1. Dene the term hazard.
2. What is the purpose of preliminary hazard analysis?
3. Explain why experience and related expertise are so important when conducting
a preliminary hazard analysis.
Experience and related expertise are important because the responsibility
4. Why is cost-benet analysis so critical as a part of hazard analysis and
prevention?
Management is not likely to want to apply $10 solutions to $1 problems.
5. BrieCy, describe the following detailed hazard analysis methodologies:
FMEA, HAZOP, HEA, FTA, TOR.
FMEA - is a formal, step-by-step analytical method that is a spin-o3 of
HAZOP - is an analysis method that was developed for use with new
6 Gitman/Zutter • Principles of Managerial Finance, Fourteenth Edition
FTA - can be used to predict and prevent accidents or as an investigative
TOR - is an analysis method that allows supervisors and employees to work
6. What is the most fundamental weakness of both FMEA and HAZOP and how can
it be overcome?
The element of human error is missing. This is a major weakness because
7. Name and brieCy explain two approaches to HEA.
8. Why did it take so long for TOR to catch on?
For twenty years user documentation on TOR was not readily available.
9. What is the most important strength of TOR?
10. Name ve widely applicable hazard prevention strategies.
Eliminate the source of the hazard.
Substitute a less hazardous equivalent.
Reduce the hazards at the source.
Remove the employee from the hazard (i.e., substitute a robot or other
automated system).
11. Explain the two options given to organizations by HAZWOPER for responding to
a chemical spill.
The rst is to evacuate all employees in the event of a spill and call in
12. What is risk assessment? How is it used?
Risk assessment is the process of quantifying the level of risk associated
13. Explain the principal concerns of the safety manager.
Safety management concerns include strategic planning, safety policy,
written procedures, employee training, communication, human resource
Chapter 1 The Role of Managerial Finance 7
14. List the major components of an OHSMS.
Assessment of risk/hazard analysis
Planning for hazard abatement and control
Establishment of performance outcomes
