What Is the First Step an Employee Should Take for a First

question 36

Multiple Choice

What is the first step an employee should take for a first report of a nonemergency on-the-job injury?

• A) The employee should complete an initial accident report.
• B) The employee should notify a supervisor of the accident.
• C) The employee should have the employer report the incident to a workers' compensation carrier.
• D) The employee should go or be sent to a medical facility for treatment or diagnosis.

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Definitions:

Generally Accepted Accounting Principles

A set of accounting standards, principles, and procedures that companies must follow when they compile their financial statements, ensuring transparency and comparability.

GAAP

Generally Accepted Accounting Principles; a collection of commonly-followed accounting rules and standards for financial reporting.

General Accounting Procedures

The standardized methods and practices used by accountants to prepare, present, and report financial statements.

Accounting Practices

The systematic process of recording, reporting, and analyzing financial transactions of a business, according to established conventions, principles, and standards.