Merit Voluntary Protection Programs

question 13

Multiple Choice

Merit Voluntary Protection Programs:

• A)is the most demanding and most prestigious of the OSHA voluntary protection programs.
• B)are designed for worksites with Star level quality safety and health protection to test alternatives to current Star eligibility and performance requirements.
• C)motivate other companies to achieve excellent safety and health results in the same outstanding way.
• D)is by far the most effective employee approach to safety.
• E)is required under Workers Compensation.

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Definitions:

Work-In-Process Inventory

Inventory representing the cost of unfinished goods in the production process at a given point in time.

Direct Labor Hours

The total hours worked directly on the production of goods and services, often used in calculating labor costs.

Sales Salary Expense

The cost associated with compensating employees involved in the sales process, typically classified as a selling expense.

Overhead Application Rate

A rate used to allocate overhead costs to products or services, based on a specific formula or activity base.