The Occupational Safety and Health Act imposes on employers a general duty to:
A. provide reasonable leave periods for family-related health issues.
B. develop and enforce their own health and safety programs.
C. prevent workplace hazards that may cause death or serious injury.
D. make the workplace more accommodating to women and families.
Answer: C
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A requirement of GAAP is that companies should review their assets to ensure they are not impaired, especially when a change dictates the book value may not be recoverable
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. A standard cost system is an accounting system that uses standards for product costs. 2. Setting standard costs is a function of the company's production department and does not require input from other departments. 3. Standard costs are developed by the cooperative effort of purchasing, production, human resources, and accounting personnel. 4. Companies conduct time-and-motion studies and use benchmarks from other companies when developing standards. 5. Developing efficiency standards based on best practices is called benchmarking. An efficiency variance measures how well a company keeps unit costs of material and labor inputs within standards.
A modified rebuy ________
A) requires more time and effort than straight rebuys B) is the B2B version an impulse purchase in the consumer market C) requires more time and effort than new-task buying D) occurs whenever a company reorders a product from an original supplier E) involves only one role in the buying center
During a question-and-answer session, while answering a question, ________
A) avoid summarizing the question B) avoid being defensive or dismissive C) look only at the person who asked the question D) avoid breaking the question into parts even if it is complex E) if you don't know the answer, make up the answer