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After a Large Fire Accident at Hilson Mills,the OSHA Constituted

question 40

Multiple Choice

After a large fire accident at Hilson Mills,the OSHA constituted a board of inspectors who were working to ensure the safety of the employees in the future.This board began its program by calling all the employees involved in the recent fire accident and asked them what had caused the accident.Once each individual employee had put forth his views,the employees were asked to discuss amongst themselves to determine the single systemic failure that caused the fire.Which of the following methods is being used by the OSHA in studying the recent fire accident at Hilson Mills?


Definitions:

Perpetual Inventory System

This method of accounting instantly documents inventory sales or purchases through computerized point-of-sale systems along with enterprise asset management software.

Gross Method

An accounting practice for recording inventory purchases without deducing available purchase discounts, presenting the gross cost in financial statements.

Cash Payment

Cash payment refers to transactions where the payment for goods or services is made immediately using physical currency or through electronic means that represent immediate funds transfer.

Merchandise Return

Occurs when a customer returns a product to the seller for a refund or exchange due to dissatisfaction or defects.

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