When a Hazard Occurs That Is Not Addressed Specifically by an OSHA

question 63

Multiple Choice

When a hazard occurs that is not addressed specifically by an OSHA standard, ____.

• A) OSHA quickly writes a new standard to protect employee safety.
• B) the employer must use the guidelines from the most applicable existing standard.
• C) the employees are not protected from this hazard.
• D) the employer has a duty to inform OSHA so that a standard can be created.
• E) the general duty clause takes effect.

Recognize the potential severe consequences of unethical decisions for businesses and their associates.

Comprehend the impact of organizational structure on ethical behavior within companies.

Understand the role of boards of directors in maintaining organizational ethics and shareholder interests.

Identify various levels of corporate social responsibility and examples of actions at each level.

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Definitions:

Inventory

A company's merchandise, raw materials, and finished and unfinished products which have not yet been sold.

Analytical Techniques

A broad range of methods and tools used to evaluate and interpret data for decision-making and problem-solving purposes.

NPV

Net Present Value (NPV) is a financial metric used to evaluate the profitability of an investment or project, calculated by summing the present values of incoming and outgoing cash flows.

Cost of Capital

The rate of return that a company must pay on its investments to satisfy its shareholders or debt-holders.