The Basic Purpose of the Occupational Safety and Health Administration

question 55

Multiple Choice

The basic purpose of the Occupational Safety and Health Administration is to ________.

• A) administer the act and to set and enforce the safety and health standards that apply to almost all workers in the U.S.
• B) assure every person safe and healthful working conditions and to preserve human resources
• C) provide safe and healthful working conditions to self-employed persons
• D) to prevent the occurrence of occupational illnesses among all employees

---

Definitions:

Comparative Balance Sheet

A financial statement that presents the financial position of a company at different points in time side-by-side for comparison.

Cost Of Goods Sold

The immediate expenses linked to the manufacturing of products sold by a business, comprising costs for materials and labor.

Direct Method

An approach in cost accounting that traces costs directly to cost objects without distributing indirect costs.

Inventories

The raw materials, work-in-progress products, and finished goods that a company holds for the purpose of sale in the future.