CROSS EXAM REGARDING BALANCING COST vs BENEFIT
COST vs RISK ANALYSIS 1. Analyzing What is Reasonable (1) SHOULD CONSIDER: (a) LIKELIHOOD OF INJURY HAPPENING (b) SERIOUSNESS OF HARM IF IT DOES HAPPEN 2. Cost vs Benefit Analysis (1) SHOULD CONSIDER: (a) COST OF INFORMING (b) DIFFICULTY AND TIME TO WARN (c) THE BENEFIT FROM GIVING THE WARNING (d) WHETHER METHOD OF INFORMING INVOLVES ACCEPTED PROCEDURE IN INDUSTRY (e) WHAT HARM CAUSED BY GIVING WARNING a. THE LIKELIHOOD OF THE HARM b. THE SERIOUSNESS OF THE HARM COMPARED…