Safety Stands Are Not Required If You Have a New

question 14

True/False

Safety stands are not required if you have a new floor jack in good working condition.

---

Definitions:

Assets

Resources owned by a company that have economic value and can be used to meet its financial obligations.

Liabilities

Financial obligations or debts owed by a business or individual.

Natural Business Year

A fiscal year that ends when a business’s activities are at their lowest point in its annual cycle, typically determined by the nature of the business.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which doesn't necessarily coincide with the calendar year.