The Occupational Safety and Health Act Was Intended to ________

question 78

Multiple Choice

The Occupational Safety and Health Act was intended to ________.

• A)set national, state, and local safety and health standards
• B)assure every person safe and healthful working conditions
• C)provide safe and healthful working conditions to self-employed persons
• D)prevent the occurrence of occupational illnesses among public employees

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Definitions:

GAAP

Generally Accepted Accounting Principles; a set of accounting standards and practices used to prepare financial statements in the U.S.

Service Contract

A service contract is a legally binding agreement between two parties where one agrees to provide a specified service to the other for a payment.

SEC

The U.S. Securities and Exchange Commission, a federal agency that regulates the securities markets and protects investors.

Revenue Recognition Criteria

The set of guidelines that determines the specific conditions under which revenue is recognized in the accounting period.