When a Person Puts a Lock on a Piece of Equipment

question 26

Multiple Choice

When a person puts a lock on a piece of equipment to lock it out, the key is kept by ____.

• A) the shift supervisor
• B) the maintenance foreman
• C) the person installing the lock
• D) none of the above

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Definitions:

Deductible

The amount paid out of pocket by the policyholder before an insurance company covers a claim.

Full Replacement Value

An insurance term referring to the amount necessary to replace damaged or lost property with new items of like kind and quality without deducting for depreciation.

Moral Hazard

A situation where one party in a transaction has the opportunity to take risks because they know they will not have to bear all the consequences.

Best Interest

A consideration that prioritizes the well-being or advantage of a person or group.