A railway operator is purchasing new rolling-stock for its railway line. a) State the international standard that is applicable to demonstrate the safety management process of this railway project (2 marks) and describe four processes that are needed in additional to the standard V-cycle in the context of the rolling stock procurement project (8 marks). (10 marks) b) Identify three major consequences if the project fails to adhere to the safety management process required by the international standard. (6 marks)
Answers
The international standard applicable to demonstrate the safety management process is ISO 9001:2015. the four processes that are needed to the standard V-cycle are Risk Assessment, Safety Validation, Supplier Evaluation and Documentation. Also, three major consequences if the project fails to adhere are Safety Incidents and Accidents, Financial Losses, Regulatory Non-Compliance.
a) The international standard that is applicable to demonstrate the safety management process of the railway project is ISO 9001:2015. This standard provides a framework for implementing a quality management system, which includes safety management as a crucial component. ISO 9001:2015 emphasizes the identification of risks, implementation of controls, and continuous improvement of safety processes.
b) Four additional processes needed in the context of the rolling stock procurement project, in addition to the standard V-cycle, are:
1. Risk Assessment and Management: Conduct a comprehensive assessment of potential risks associated with the rolling stock procurement, such as safety hazards, operational risks, and technical vulnerabilities. Develop risk mitigation strategies and implement them throughout the project lifecycle.
2. Safety Validation and Verification: Ensure that the rolling stock meets safety requirements and specifications by conducting thorough validation and verification processes. This involves conducting safety tests, inspections, and certifications to verify that the rolling stock complies with international safety standards.
3. Supplier Evaluation and Qualification: Establish a rigorous evaluation and qualification process for rolling stock suppliers. Assess their safety record, quality management systems, and adherence to safety standards. Only select suppliers that meet the necessary safety criteria and have a proven track record in delivering safe and reliable rolling stock.
4. Documentation and Reporting: Maintain comprehensive documentation throughout the procurement process, including safety-related documents such as risk assessments, safety plans, validation reports, and supplier qualifications. Regularly report on safety performance, progress, and compliance to relevant stakeholders.
c) Three major consequences if the project fails to adhere to the safety management process required by the international standard are:
1. Safety Incidents and Accidents: Failure to follow the safety management process increases the risk of safety incidents and accidents involving the rolling stock. This can result in injuries or fatalities to passengers, employees, or bystanders, leading to legal liabilities, reputational damage, and loss of public trust.
2. Financial Losses: Neglecting safety management can lead to costly disruptions in operations, such as service delays, breakdowns, or system failures. These incidents can result in significant financial losses due to repair expenses, reduced productivity, penalties, or compensation claims.
3. Regulatory Non-Compliance: Non-adherence to the safety management process required by the international standard may lead to regulatory non-compliance. This can result in penalties, fines, or legal action from regulatory authorities, further adding to the financial and reputational risks faced by the project.
Learn more about ”risk assessments” here:
brainly.com/question/1224221
#SPJ11
Related Questions
When a firm finances new investments, it may set up accounts payable with suppliers, but the balance that the firm must supply is called the investment in net capital.
Answers
When firm finances new investments, then set up accounts payable with suppliers, in which the balance that the firm must supply is called the investment in net "Working" capital.
This is because investment in net working capital is when the capital remains when the current liabilities are removed from the current assets.
The net working capital can be any of the cash, accounts receivable, inventory, and short-term investments or a combination of any of these elements.
The net working capital can be used to pay debts or invest in the growth of the company.
Hence, in this case, it is concluded that the correct answer is "Net Working Capital."
Learn more here: https://brainly.com/question/17043004
Who may pay for the services of alcoholic beverage in a private club
Answers
Answer:
Members Only
Explanation:
What is a major function of the public sector
Answers
Answer:
Public sector provides many services such as; education, health and social care.
In what three ways does the government affect production of goods and services in the US economy?
Answers
However, a capacity utilization rate that is nearing 100% is ............... because .......
Answers
Answer:
A capacity utilization rate that is nearing 100% is ideal because it means that company's actual output is almost the same as its maximum possible output.
Explanation:
Capital utilization rate is used to calculate the rate at which levels of output are met. It is defined by the given formula:
Capacity utilization = (Actual level of output / Maximum level of output) · 100
If the Capacity utilization rate is near 100%, it means that actual level of output is almost same as the maximum level of output, which is considered as the Ideal rate.
Ideal rate is usually not possible because there are a lot of hurdles in the processes. A rate of 85% is considered the optimal rate for most companies.
Write 9.58 times 10^(2) in standard notation. pls help!
its math btw
Answers
if you are tasked with writing employee schedules and to-do lists for managers, what level of planning are you involved in?
Answers
if you are tasked with writing employee schedules and to-do lists for managers, you are involved in tactical planning.
Information is needed for tactical planning by its managers at the middle level of management. Managers establish monthly goals and devise strategies for achieving them. After planning, the strategy is implemented and monitored to hit the predetermined goals.
In the example, the employee is creating schedules that tactical level management needs in order to comprehend the business environment and make wise decisions.
The 4 types of plans are:
Operational PlanningStrategic PlanningTactical PlanningContingency PlanningLearn more about tactical planning here brainly.com/question/13462077
#SPJ4
You open a new bank account at Eastside Savings. You see FDIC stickers around the bank, and the teller specifically mentions that Eastside
Savings is "FDIC Insured". A few months later, you hear on the radio that Eastside Savings is struggling to stay in business. Your savings balance
Is $500. What would happen to that money if Eastside Savings failed?
A.You could lose $250 since FDIC Insurance only covers 50% of the money you have deposited.
B.You would lose all of your money.
C.You would receive $250,000 since FDIC Insurance provides each account at the bank with $250,000 regardless of how much they
have deposited
D.You would receive all the money you have deposited at Eastside Savings since FDIC insurance covers accounts up to $250,000.
Answers
Answer:
The correct option is D. You would receive all the money you have deposited at Eastside Savings since FDIC insurance covers accounts up to $250,000.
Explanation:
Based on the information given what would happen to that money in a situation where Eastside Savings failed is that such individual would receive all the money he/she have deposited at Eastside Savings reason been that FDIC which is fully known as FEDERAL DEPOSIT INSURANCE CORPORATE insurance covers accounts up to the amount of $250,000 and Secondly Eastside Savings is "FDIC Insured".
Choose a picture of a family member, a friend, or a person that you admire in business, political, sports entertainment and other industries that motivate you to achieve your dream
Answers
Mohammed Ali was a professional boxer, philanthropist, and social crusader whose passion, perseverance, and desire to be the greatest in his area motivates me.
He exemplifies self-actualization, the highest level of Maslow's Hierarchy of Needs, because he not only attained professional achievement but also used his position to promote social change and better the lives of others.
His uncompromising devotion to his ideas and tireless pursuit of greatness served as a continual reminder to never settle for mediocrity and to strive for perfection in all aspects of my life.
What is Abraham Maslow's Hierarchy of Needs Theory?Abraham Maslow's Hierarchy of Needs Theory is a psychological theory that discusses how humans have a certain set of needs that must be addressed in order to achieve the ultimate goal of self-actualization.
Maslow's thesis is based on the idea that we are driven by our basic human needs. Furthermore, if some of our most basic requirements are not addressed, we may be unable to advance and meet our other needs. This may explain why we feel "stuck" or uninspired.
Learn more about Abraham Maslow's Hierarchy of Needs Theory:
https://brainly.com/question/9515872
#SPJ1
Full question:
Choose a picture of a family member, a friend, or a person that you admire in business, politics, sports entertainment and other industries that motivate you to achieve your dream. Be creative wrth your answer. You can send your answer online or you can paste a picture inside.
Describe that person and based on Maslow's Hierarchy of Needs Theory explain how he/she motivates you and your desire to fulfil your dreams needs. Write your answer below.
At a local grocery store, they sell a Visa card that has a prepaid amount on it. People can use this card anywhere, but it cannot be used for more than its prepaid value. Which type of card is this?
A.
a debit card
B.
a smart card
C.
a stored value card
D.
a retail credit card
Answers
The type of the card is a Retail Credit card. Hence the option (D) is the correct one.
What is the function of retail credit cards work?For retail credit cards, an image You can potentially obtain benefits at some retail establishments if you have a retail store credit card.
Decide if you want a card that restricts the retailers with which you may earn rewards or one that enables you to earn rewards for regular purchases. Benefits could consist of privileged access to funding, exclusive deals, discounts, and awards.
For instance, paying in whole for a motorcycle costing $10,000 would be excessive for a buyer.
Consumer will receive a $10,000 loan from retail credit institutions, which will be repaid with interest over a period of time in the form of monthly installments.
Hence the correct option is (D).
Learn more about Retail Credit Card , from :
brainly.com/question/30225683
#SPJ1
Morning light does not enter the swamp. Even the sunrise is dark. Still, time progresses, night into day
A picture of bayou country is deceiving Slow streams converge under mud to make the appearance of land that is actually water. One net of moss hangs from one hundred trees. Lightning strikes the
same stump many times.
People pass the swamp's fringes in trains, on tracks that cling to the last solid ground. Out of their windows are landscapes that take the earth's colors to every periphery, Bright orange sunsets
surround people like sky on an airplane. On gray foggy mornings they ride through a dream that has no beginning or end. But time has its limits, these people know. They are expected places--Memphis
by midnight, New Orleans by dawn
Deep in the swamp, animals keep the only appointments Birds gather at high places in trees. Raccoons make their last noisy passes for food across someone's back porch before he awakes. Fish all
around splash up, although they cannot see the morning coming to clean the picture of day like clothes bleaching in a galvanized tub from dark gray to light gray
Joan looked out from the porch to the swamp she had known all her life. Ahead of her in the veiled light were the outlines of many trees. Below and around her were the crisp sounds of nature
awakening Cupped in both hands, perched on her knees was a warm mug of coffee.
Which of the following can the reader infer from the passage above?
O Travelers sleep throughout the journey.
O The ride is for airplane passengers to see the sky.
O Travelers lose their sense of the outside world.
Answers
Answer:
Travelers lose their sense of the outside world.
Explanation:
Study Island
Complete the sentence describing a type of tax charged by the US government.
The government charges
(what) on public services.
Answers
Taxes are compulsory payments made by a government organization, either local, regional, or federal, to people or businesses. Government operations are supported by tax money.
In what form does the American tax system exist?The United States has a progressive taxation system as a whole. A progressive tax system is one in which the amount of income that a person (or family) must pay in taxes tends to rise as income does.
What endows the US government with the authority to levies taxes?The Committee shall have the authority to levy and collect the taxes, duties, imposts, and excises in order to pay for the nation's debts, common defense, and general welfare; however, all duties, imposts, and excises must be uniform across the whole country.
To know more about tax visit:
brainly.com/question/16423331
#SPJ1
Difference between business and trade
Answers
Answer:
business is the entire enterprise of making, selling, and controlling the production of goods, while trade, a narrower activity, involves only the buying and selling of goods. Trade is a part of business, but business is not the same as trade. ... Trade usually refers to imports and exports.
Question 1 of 17:
Select the best answer for the question.
1. Which of the following key performance indicators can be used to measure whether each store is meeting its sales goals?
OA. Number of sales per store location
O B. Profit made per sale
O C. Number of sales per employee
OD. Overall company growth
Answers
The best answer for measuring whether each store is meeting its sales goals among the options provided would be: Number of sales per store location. Option A
How to determine whether each store is meeting its sales goals?Measuring the number of sales per store location provides a direct indicator of how well a store is performing in terms of meeting its sales goals.
By tracking the number of sales made at each store, management can assess the store's sales performance and determine whether it is meeting its targets. This KPI specifically focuses on the sales volume generated by each store, providing insights into its effectiveness in driving revenue.
Learn more about KPI at https://brainly.com/question/3087726
#SPJ1
Under what circumstance does an estate have an executor? Multiple Choice a. When there is no valid will. b. When the estate exceeds the dollar amount of the estate tax exemption. c. When the will establishes a trust fund. d. When the will is contested. e. When the will names a specific person to administer the estate.
Answers
The circumstance that an estate have on an executor is: e. When the will names a specific person to administer the estate.
Who is an executor?Typically the testator the person who created the will appoints an executor who is then designated in the will.
The executor's responsibility includes managing the estate's assets, paying bills and taxes and distributing assets to beneficiaries in accordance with the directions and intentions stated in the will. If the executor is designated in the will that individual takes on the role unless they decline or are unable to carry out the responsibilities.
Therefore the correct option is e.
Learn more about executor here:https://brainly.com/question/10308372
#SPJ4
From the end of 2010 to the end of 2011, M1 increased from $2,006 billion to $2,311 billion. By what percentage did M1 increase?
Answers
Answer:
15.20%
Explanation:
The computation of the M1 increase is shown below:
= (M1 End of the year 2011 - M1 end of the year 2010) ÷ M1 End of the year 2010
= ($2,311 billion - $2,006 billion) ÷ ($2,006 billion)
= 15.20%
Leila has a table in a spreadsheet she wants to format. Which options will allow her to format the table without changing its content?
Answers
Answer:
All of them, except "Find and replace, Text."
Explanation:
a
3 Discuss a method that a business owner may use to reduce
the level of risk in the running of their business.
Answers
Answer:
Know the law. ...
Document everything important. ...
Hire significant employees. ...
Build your reputation. ...
Protect your data.
here are some ways
what are the three (3) elements that must be met before directors or officers may be found to have usurped a corporate opportunity?
Answers
Before directors or officers can be found to have usurped a corporate opportunity, conditions must be met: the opportunity was presented to the director or officer in his or her corporate capacity, and the opportunity is related to or connected with the corporation's current or proposed business.
Usurpation of real property rights or occupation of real property, as defined in Penal Code Article 312.
If an officer or director of a corporation is presented with a business opportunity in the same or a related business to the one in which the corporation is involved, they cannot simply pursue that opportunity for personal gain.
To know more about usurped, click here.
https://brainly.com/question/13372020
#SPJ4
2. Describe what a supply curve looks like.
Answers
A supply curve is a graphical representation of the relationship between the quantity of a good or service that producers are willing to sell and the price of that good or service. The curve is typically upward-sloping, meaning that as the price of the good or service increases, the quantity supplied by producers also increases.
How does the supply curve shift?Supply curve shift: Modifications in manufacturing costs and related variables might result in a whole supply curve moving to the right or left. This results in the supply of a higher or lower quantity at a specific price. The ceteris paribus premise states that supply curves link prices and quantities delivered under the premise that nothing else changes.
The curve is typically drawn on a graph with price on the vertical axis and quantity on the horizontal axis. The specific shape of the curve can vary depending on the characteristics of the market and the nature of the good or service being sold. In some cases, the curve may be relatively flat or steep, indicating a more or less elastic supply, respectively.
Learn more about Supply Curve here:
https://brainly.com/question/14925184
#SPJ1
based on the percentage of fortune 500 companies that have maintained their ranking on this list, the competitiveness of these companies is best described as:
Answers
Based on the percentage of Fortune 500 companies that have maintained their ranking on this list, the competitiveness of these companies can be described as "high."
The fact that a significant number of companies have consistently remained on this list indicates that they have been able to sustain their success and adapt to changing market conditions, which requires a high level of competitiveness.
Additionally, the fact that there is turnover in the rankings each year suggests that new companies are also able to compete and succeed in the market.
Therefore, the word needed in the statement here is the "high"
For more such questions on competitiveness
brainly.com/question/28902069
#SPJ11
Which of the following is the first stage in the new product adoption process? A) awareness B) adoption C) interest D) trial E) evaluation
Answers
The first stage in the new product adoption process is A) awareness.
The new product adoption process describes the series of steps that individuals go through when deciding to adopt and use a new product or innovation. The process typically consists of several stages. The initial stage is awareness, where potential adopters become aware of the existence of the new product or innovation.
During this stage, individuals may become exposed to the product through various channels such as advertising, word-of-mouth, or promotional activities. Awareness is crucial as it forms the foundation for further engagement with the new product. Once individuals are aware of the product, they can move on to subsequent stages, such as developing an interest, conducting evaluations, trying out the product, and finally making the decision to adopt it.
learn more about "product":- https://brainly.com/question/25922327
#SPJ11
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
Read more on immigration here: brainly.com/question/9809956
#SPJ1
Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
l
l
∨
Explanation:
Here's the picture and I hope this helped!
Have a nice day!
Product A has a sales price of $10 per unit. Based on a 10,000-unit production level, the variable costs are $6 per unit and the fixed costs are $3 per unit. Using a flexible budget for 12,500 units, what is the budgeted operating income from Product A?
Answers
Answer:
$20,000
Explanation:
Flexible budget is a type of budget that is adjusted for varied volume of output in order to arrive at a more realistic value.
In this scenario , unit sales price and the variable cost of product A will be used to calculate the sales turnover of the 12,500 units of product a and the corresponding variable cost. However , the fixed cost being unchanged during over the production period , remain the same that was used for the production of 10,000 units of product A.
Workings
Sales Revenue 12,500*10 125,000
Variable cost 12,500*5 ( 75,000)
Fixed cost 10,000*3 ( 30,000)
Operating income 20,000
A lack of timber caused a shortage of fencing that was finally solved by:
a) Implementing sustainable forestry practices
b) Importing timber from other countries
c) Developing alternative materials for fencing
d) Planting more trees and promoting reforestation
Answers
The solution that solved the shortage of fencing due to a lack of timber was planting more trees and promoting reforestation. Option D is correct.
The lack of timber caused a shortage of fencing, which led to problems in agriculture, particularly in the Midwest and Western regions. It was a serious problem, but it was finally solved by planting more trees and promoting reforestation. The government started a movement that encourages farmers and private landowners to plant more trees and turn unused land into forests. The Civilian Conservation Corps (CCC) was established to plant trees and restore soil health. Thanks to these measures, the shortage of timber and fencing were solved and it helped agriculture and other industries to thrive.
Know more about timber here:
https://brainly.com/question/17150866
#SPJ11
It's it ethical and socially responsible for large corporations to lobby against SEC rule requiring that they report the ratio of their CEO's pay to that of their average employee
Answers
Answer:
"No" is the correct response. A further explanation is provided below.
Explanation:
Along with comparison to the average individual or working people although the CEO seems to be the top-level title than the worker or contractor. Consequently, the compensation of such a CEO's job is not compared with the compensation of that same typical individual employee business throughout the firm.This behavior would be not only ethically reprehensible but economically accountable for such SEC regulation lobbying. SEC guidelines don’t mandate their CEO's proportion towards the average worker to be reported.Thus, the above is the correct response.
When you’re building wealth through investing, the long-term growth is amazing. If you were to invest $350 per month at a 12% rate of return, how much money would you actually contribute over 30 years? Over 40 years? How much of those totals would come from the growth of your investments at 30 years? At 40 years?
Answers
Answer:
You would contribute 126,000 if it was over the period of 30 years, and you would contribute 168,000 if it was over the period of 40 years. Over those 30 years the amount that came from the growth of the investment would be 1,097,236. Over those 40 years the amount that came from the growth of the investment would be 3,949,667
Explanation:
An individual would contribute 126,000 if it was over a period of 30 years, and one would contribute 168,000 if it was over a period of 40 years. Over those 30 years, the amount that came from the growth of the investment would be 1,097,236. Over those 40 years, the amount that came from the growth of the investment would be 3,949,667.
What is investment?When one is concerned about the future and having enough money to meet all their basic needs and luxury needs as well, one would like to save more and more money for this purpose.
The best procedure is to go through a bank and open an account. On the other hand, one can make contributions for a particular time period. It can be for 10 years, 20 years, or many more.
With that passage of time, the investment that has been made will also go and, after a certain period of time, whatever one has invested will get one back but with the particular amount of interest that has been added on to it.
When one gets the whole investment, it will be easy for one to use that lump sum amount wherever they want.
Learn more about investment here:
https://brainly.com/question/15353704
#SPJ2
A student is working. In year one the income tax paid is $2800 and this payment increases by 3% each year until year 5 which is the graduation year. Determine the present worth of the amount paid in tax at an interest rate of 7% per year ?
Answers
The Present Worth of the amount paid in tax is $12,270.60 when an interest rate of 7% per year is considered.
Income Tax Paid in year 1 = $2800
Rate of increment in the payment each year = 3%
Graduation Year = 5th Year
Interest rate = 7%
Formula Used :
Present Worth Amount = Annual Worth Amount / (1 + i)n - 1 / i
Here,
Annual worth amount = Incremented Tax Payment
= $2800 * (1+3%)n-1
= $2800 * (1+0.03)4
= $3,245.22
Present Worth Amount
= $3,245.22 / (1 + 7%)5 - 1 / 7%
= $12,270.60 (approx)
Hence, the Present Worth of the amount paid in tax is $12,270.60 when an interest rate of 7% per year is considered.
Learn more about the present worth amount from the given link-
https://brainly.com/question/30390056
#SPJ11
Good strategy execution can involve policies and procedures manuals in order to maintain consistency in product quality and service behavior patterns to allow for activities that need to be strictly prescribed and activities to allow room for independent action on the part of company personnel. Differences in product range and quality across company outlets. An extremely narrow scope of independent thinking and action of company staff. A written strategy but not the routines for running the business. Ample leeway in how staff perform activities at different company outlets
Answers
Good strategy execution can involve policies and procedures manuals to ensure consistency in product quality and service behavior, while also allowing for independent action by company personnel.
In order to effectively execute a strategy, companies often rely on policies and procedures manuals. These manuals provide guidelines and instructions that help maintain consistency in product quality and service behavior patterns across different outlets. This ensures that customers receive a consistent experience regardless of the location they visit.
However, it is also important to strike a balance between standardization and allowing room for independent thinking and action by company staff. While certain activities may need to be strictly prescribed to ensure adherence to quality standards, there should also be opportunities for staff to exercise independent judgment and adapt to specific situations.
By providing a written strategy and implementing routines for running the business, companies can establish a framework for achieving their goals. At the same time, they should allow ample leeway for staff to perform activities based on the unique needs and dynamics of different company outlets. This flexibility promotes innovation, responsiveness, and localized decision-making, ultimately contributing to successful strategy execution.
Learn more about product here:
https://brainly.com/question/31815585
#SPJ11
Sometimes firms selling a pioneering product will set a very low price in order to attract many customers before competitors enter the market. Which type of orientation does this demonstrate?.
Answers
Answer:sales
Explanation: