Imagine that you are working on a committee to develop an employment-conditions policy for your firm. During the discussion of safety, one committee member states that employee safety is twice as important as benefits such as flexible work time employer sponsored day care, and so on.
a. How might you respond to such a statement?
b. Suppose the statement was that employee safety was twice as important as insurance benefits. How might you translate this statement into a form (perhaps based on dollar values) so that it would be possible to evaluate various policy alternatives in terms of safety and insurance in a way that would be consistent with the statement?