When Can We Conclude That an Activity Has an "Acceptable

question 43

Multiple Choice

When can we conclude that an activity has an "acceptable level of risk?"

• A)If it can be determined that the probability of harm involved in a specific work activity is manageable.
• B)If the probability of harm involved in a specific work activity is acceptable by insurance and workers' compensation laws.
• C)If it can be determined that the probability of harm involved in a specific work activity is equal to or less than the probability of harm of some more common activity.
• D)If the employers are willing to compensate the harm caused to workers for a specific activity.

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Definitions:

Administrative Expense

Costs related to the general administration of a company, including expenditures such as executive salaries, office supplies, and legal and financial services.

Period Cost

Expenses that are not directly tied to production and are therefore expensed in the period they are incurred.

Holiday Party

A social gathering organized to celebrate a holiday or festive season, often involving recreational activities, food, and entertainment.

Administrative Expense

Expenses that are not directly tied to the production or selling of goods and services, such as salaries of senior executives and costs of general services.