Which of the Following Is Not True Regarding the Occupational

question 15

Multiple Choice

Which of the following is not true regarding the Occupational Safety and Health Act?

• A) Its purpose is to protect the safety of workers and the safety of those who purchase the employer's products or services.
• B) Employers are subject to having their workplaces inspected under the Act.
• C) Even though the Act contains numerous specific safety standards,employers must also provide a work environment that is free from recognized hazards that could cause death or serious injury.
• D) Employers are required to post notices in the workplace informing workers of their rights under the Act.

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Definitions:

Non-Controlling Interest

A ownership in a corporation where the stake is less than a majority of the voting shares, often referring to minority interests in subsidiary companies.

Proportionately Adjusted Balance Sheet

A financial statement that adjusts assets, liabilities, and equity according to a specific factor to reflect a more accurate financial position.

Contractual Agreement

A legally binding agreement between parties that outlines the terms and conditions of their arrangement and obligations.

Equity Method

An accounting technique used by firms to assess the profits earned by their investments in other companies, where the investment is recorded at cost and adjusted according to the investor's share of the investee's profit or loss.