When a Worker Dies in the Factory Because the Employer

question 50

Multiple Choice

When a worker dies in the factory because the employer failed to provide necessary safety in workplace, the investigating officer appointed under Occupational Safety and Health Act is known as:

• A)a federal investigator.
• B)an OSHA representative.
• C)a compliance official.
• D)an inspector.

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Definitions:

Recognises Revenues

The process of recording income in the financial statements when it is earned, according to the criteria set out in accounting standards.

Joint Cost Allocation

The process of distributing the costs of production that are incurred in producing multiple products at the same point of the process across those products.

Joint Costs

Costs that are incurred up to a split-off point in the production process, making them inseparable costs shared by more than one product.

Sunk Costs

Costs that have already been incurred and cannot be recovered, which should not influence future business decisions since they cannot be changed.