The Purpose of OSHA's "Lockout/tag-Out Regulations" Is To_____

question 69

Multiple Choice

The purpose of OSHA's "lockout/tag-out regulations" is to_____.

• A) prevent the accidental start-up of defective machinery during repair or adjustment
• B) deny unauthorized individuals access to the workplace or factory machiner
• C) ensure that hazardous substances are kept under lock and key when not being used
• D) close down a workplace judged unsafe by an OSHA inspector

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Definitions:

Herfindahl Indexes

Measures of market concentration, calculated as the sum of the squares of the market shares of all firms within the industry.

Market Power

The ability of a firm or group of firms to influence the price and production levels in the market to their advantage, often due to limited competition.

Concentration Ratio

A measurement of the market share or output controlled by the largest firms within an industry, used to assess the level of competition.

Costly to Ship

Refers to items or materials that are expensive to transport, typically because of their weight, size, or special handling requirements.