An Employer Is Deemed to Have Had Constructive Knowledge,as Opposed

question 26

Multiple Choice

An employer is deemed to have had constructive knowledge,as opposed to actual knowledge,of a recognized hazard if the:

• A) employer is well aware of the hazard but has not informed the Occupational Safety and Health Administration about the hazard.
• B) hazard is not too serious for the employer to take safety precautions.
• C) hazard has previously resulted in one or two minor injuries to the employees.
• D) industry recognizes the hazard even if the employer does not actually know of it.

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Definitions:

Accrued Interest

Interest that has been incurred but not yet paid, representing the amount of interest that accrues on a loan or bond between payment periods.

Securities Available For Sale

Financial assets that a company holds with the intention of selling them in the short to medium term for profit.

Journalize

The process of recording business transactions in the general journal by making entries that describe the transaction, amounts involved, and accounts affected.

Notional Amount

The theoretical value used to calculate payments made in a financial derivative transaction, which might not involve any physical exchange of funds.