The Largest Ever Fine by the Occupational Safety and Health

question 103

Multiple Choice

The largest ever fine by the Occupational Safety and Health Administration (OSHA) was a(n) __________ penalty levied in 2009 against the oil giant BP after a 2005 explosion killed 15 workers and injured 170 others at a BP refinery in Texas.

• A)$22 million
• B)$82 million
• C)$142 million
• D)$217 million

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Definitions:

Net Present Value

A method used in capital budgeting to evaluate the profitability of an investment by calculating the difference between the present value of cash inflows and outflows.

Working Capital

The distinction between a corporation's short-term assets and liabilities, showing the available capital for operational purposes.

Fast-Food Chain

A series of restaurants serving food quickly and standardized in method and by the same brand name.

Payback Period

The length of time required to recover the cost of an investment or to reach the break-even point.