The First Step of a Technic of Operations Review Analysis

question 42

Multiple Choice

The first step of a technic of operations review analysis of an accident is to:

• A)establish the facts surrounding the incident.
• B)identify the basic elements of the joB.
• C)rate each of the basic job elements for its hazard potential.
• D)identify the single,systemic failure that most likely contributed to the incident.
• E)identify the two or three secondary factors that likely contributed to the incident.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts.

Income Statement

A financial statement that presents the revenues, expenses, and profits or losses of a company over a specified period, typically a quarter or year.

End-of-Year Spreadsheet

A document summarizing financial and accounting information at the conclusion of the fiscal year, aiding in analysis and decision-making.

Adjusted Trial Balance

A report that lists all the accounts and their balances after adjustments, used to ensure the total debits equal total credits before generating financial statements.