Which of the Following Statements Is True Regarding the OSHA

question 80

Multiple Choice

Which of the following statements is true regarding the OSHA Act?

• A) It covers employees in mining,transportation,and state and local governments.
• B) OSHA offers consultation services to employers for a fee.
• C) It requires businesses to report any accidents that result in a fatality or in the hospitalization of three or more employees within 24 hours.
• D) OSHA-defined "low-hazard" industries are exempt from the record keeping requirements of the regulations.

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Definitions:

Straight-Line

A method of calculating depreciation or amortization by evenly distributing the cost over an asset's useful life.

Double-Declining-Balance

A method of accelerated depreciation where the asset's book value is decreased at double the rate of straight-line depreciation.

Units-Of-Activity

A depreciation method that allocates expense based on the actual usage or activity level of the asset.

Depreciation Method

A systematic approach used to allocate the cost of a tangible asset over its useful life, such as straight-line or declining balance methods.