The Hazard Communication Standard Requires That Covered Employers Take Certain

question 12

Multiple Choice

The Hazard Communication Standard requires that covered employers take certain steps to achieve compliance, including all of the following except

• A) update inventories of hazardous chemicals in the workplace.
• B) assemble material safety data sheets for all hazardous chemicals.
• C) instruct workers on the importance of using protective gear when handling hazardous chemicals.
• D) provide workers with training on the use of hazardous chemicals.

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Definitions:

Weighted Average Process Costing

A method of cost accounting used in production where costs for materials, labor, and overhead are averaged over the units produced, taking into consideration the degree of completion.

Conversion Costs

Expenses related to converting raw materials into finished goods, including labor and overhead costs.

Opening Inventory

The value or quantity of goods on hand at the beginning of an accounting period.

FIFO Process Costing

A method of process costing that assumes the first items produced are the first sold or used, ideal for businesses where inventory shelf life is a concern.