EFATO
The present routine, while not ideal, is the result of too many pilots getting killed in the days when the test involved a complete shut-down. One of my ex-RAF colleagues was killed that way when he misidentified a cockpit switch. When an engine fails it is a sudden and confusing situation, especially when it involves complete failure. As a former simulator instructor at one of the commercial schools I used to give students loss of oil pressure on a twin or a surging engine. An awful lot of them were confused and needed prompting out of the situation.