Voluntary protection programs (VPPs)
A. try to establish a cooperative relationship between employers and OSHA.
B. allow employers to sidestep Occupational Safety and Health Administration (OSHA) legislation.
C. are contained within state-based, right-to-know legislations.
D. cover only transportation-related industries.
Answer: A
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Performance Bicycle Company makes steel and titanium handlebars for bicycles. It requires approximately one hour of labor to make one handlebar of either type. During the most recent accounting period, Barr Company made 7,000 steel bars and 3,000 titanium bars. Setup costs amounted to $84,000. One batch of each type of bar was run each month. If a single companywide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:
A. $49,000. B. $8,400. C. $84,000. D. $58,800.
The agreement in 2002 by the FASB and IASB to develop high quality, compatible accounting standards that could be used by both domestic and cross-border financial reporting was called the
A) International Accounting Standards agreement B) Financial Accounting Standards Board Global agreement C) Norwalk agreement D) United GAAP agreement
The gross margin amount is the sum of the full absorption cost and the revenue generated
through sales. Indicate whether the statement is true or false
Which of the following location factors was NOT found to dominate location decisions for new U.S. manufacturing plants?
A) proximity to the parent company's facilities B) quality of life C) proximity to competitors' facilities D) favorable labor climate