Which of the Following Is LEAST Likely to Be Considered

question 95

Multiple Choice

Which of the following is LEAST likely to be considered when OSHA calculates a penalty?

• A)business size
• B)compliance history
• C)gravity of violation
• D)legal representation

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Definitions:

Operating Income

This is the profit realized from a business's ongoing operations, calculated as the difference between operating revenues and operating expenses.

Land Account

A type of asset account on the balance sheet representing the cost of land owned by a company.

Accounts Payable

Liabilities of a business that are due to be paid to creditors within a short period of time, typically one year.

Supplies Expense

This refers to the cost recorded for supplies used during an accounting period, not necessarily when they were purchased.