Which of the Following Statements Is True of Workers' Compensation

question 23

Multiple Choice

Which of the following statements is true of workers' compensation?

• A) "Work-related injuries" implies injuries arising out of employment or those that are related to the type of employment involved.
• B) Employers are required to report on-the-job fatalities and injuries that require hospitalization within 72 hours.
• C) The secretary of labor authority is delegated to establish detailed health and safety standards that must be complied with by employees only.
• D) Injuries occurring on the way to and from the job are considered to be within the course of employment.

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Definitions:

Manufacturing Overhead

Expenses related to the manufacturing process that cannot be directly tied back to the production of specific goods, such as factory maintenance and rent.

Direct Materials

Basic substances utilized in the creation of a final product that can be directly attributed and identified within it.

Direct Labor

Direct labor refers to the employees and the associated labor costs directly involved in the manufacturing process of a company's products.

Prime Cost

The combined direct costs of raw materials and labor that are directly attributable to the production of a product.