Judy Just Bought a New Business with Many Employees

question 33

Multiple Choice

Judy just bought a new business with many employees.She has heard about the requirements of OSHA.What is the employer's general duty under OSHA?

• A) to obey the regulations announced by OSHA
• B) to provide a perfectly safe workplace
• C) to provide a work environment free from known hazards
• D) both A and B

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, typically reflected in income statements as a cost of financing operations.

Times Interest Earned Ratio

A financial ratio that measures a company's ability to meet its interest obligations based on its operating income.

Interest Expense

The cost incurred by an entity for borrowed funds, reflecting the price paid for using a lender's money or credit.

Note Payable

A written promise to pay a specific amount of money, usually with interest, by a certain date to a designated party.