Select the best strategic reasons for firms to ensure proper occupational health and safety practices.
A)Improve industry reputation.
B)Improve the bottom line.
C)The potential to win awards which could increase brand value.
D)Direct financial impact and diminished brand value if they don't follow these practices.

Question

Quizplus · Accepted Answer

Direct financial impact is a major reason for firms to ensure proper occupational health and safety practices. Workplace accidents and injuries can result in legal fees, medical bills, and insurance costs, which can directly impact a company's bottom line. In addition, if a company's unsafe practices result in a high rate of accidents or injuries, this can lead to a diminished brand value or reputation, which can indirectly affect profitability. The other choices may also be beneficial, but do not have as direct of an impact on the bottom line as D.

Select the Best Strategic Reasons for Firms to Ensure Proper