The Purpose of the Occupational Safety and Health Act of 1970

question 1

Multiple Choice

The purpose of the Occupational Safety and Health Act of 1970 was to ensure safe and healthful working conditions.Workplace inspections are usually conducted without prior notice.What type of workplace condition is the top priority for an inspection?

• A)Imminent dangers
• B)Catastrophic accidents
• C)Fatal accidents
• D)Employee complaints

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, representing partial ownership.

Statement of Changes

Often refers to the statement of changes in equity or financial position, showing how equity values change over a period.

Statement of Income

A financial statement that shows a company's revenues and expenses over a specific period, resulting in a net income or net loss.

Equity

The value of ownership interest in the firm, calculated as total assets minus total liabilities.