True. The true cost of accidents includes the direct costs, which refer to the actual expenses incurred as a result of an accident. These costs can include medical bills, property damage, and compensation for injured parties.
True. The true cost of accidents primarily includes direct costs. Direct costs are tangible and measurable expenses that result from an accident and are incurred immediately. They typically involve medical expenses, property damage, legal fees, and rehabilitation costs. These costs are referred to as "direct" because they directly impact an organization's bottom line and are usually easily quantifiable. However, it's important to note that indirect costs, such as lost productivity, decreased employee morale, and decreased reputation, can also contribute significantly to the overall cost of accidents.
