Question

In: Finance

The Board of a mining company has no tolerance for injury in the workplace. The company’s...

The Board of a mining company has no tolerance for injury in the workplace. The company’s health and safety policy includes the Board’s intent. An audit finds that there have been no injuries, but there are no supporting procedures explaining what actions are required to be taken to reduce the risk. Which of the following statements best describes the health and safety policy?

Select one: a. The policy is an effective control because there has been no injuries. b. The policy is an effective control because the number of injuries is measurable. c. The policy is not a control. d. None of the above.

Solutions

Expert Solution

With the effective control,the company has no injuries.Thus,we can say that health and safety polocy is an effective control.Thus correct answer is Option a.

Since there is no injuries,hence the option b is incorrect.If there is no control,there might be injuries in the workplace,hence option c is not correct.


Related Solutions

The Board of a mining company has no tolerance for injury in the workplace. The company’s...
The Board of a mining company has no tolerance for injury in the workplace. The company’s health and safety policy includes the Board’s intent. An audit finds that there have been no injuries, but there are no supporting procedures explaining what actions are required to be taken to reduce the risk. Which of the following statements best describes the health and safety policy? Select one: a. The policy is an effective control because there has been no injuries. b. The...
Data Mining is considering an expansion project. The company’s management has decided that the initial cost...
Data Mining is considering an expansion project. The company’s management has decided that the initial cost of the project is $300,000 with an additional installment cost of $80,000. The project life is four years, during it’s life the project will depreciate based on the following rates: • 1st year 33% • 2nd year 45% • 3rd year 15% • 4th year 7% Management has also decided that an additional of $45,000 in inventories and $12,000 in accounts payable needed if...
Data Mining is considering an expansion project. The company’s management has decided that the initial cost...
Data Mining is considering an expansion project. The company’s management has decided that the initial cost of the project is $300,000 with an additional installment cost of $80,000 and a $30,000 cost for research purposes related to the project. The project’s life is four years with a salvage value of $60,000 and it will be depreciated over four years using the straight-line method. Management has also decided that $45,000 in inventories and $12,000 in accounts payable are needed if the...
Data Mining is considering an expansion project. The company’s management has decided that the initial cost...
Data Mining is considering an expansion project. The company’s management has decided that the initial cost of the project is $300,000 with an additional installment cost of $80,000 and a $30,000 cost for research purposes related to the project. The project’s life is four years with a salvage value of $60,000 and it will be depreciated over four years using the straight-line method. Management has also decided that $45,000 in inventories and $12,000 in accounts payable are needed if the...
Data Mining is considering an expansion project. The company’s management has decided that the initial cost...
Data Mining is considering an expansion project. The company’s management has decided that the initial cost of the project is $300,000 with an additional installment cost of $80,000 and a $30,000 cost for research purposes related to the project. The project’s life is four years with a salvage value of $60,000 and it will be depreciated over four years using the straight-line method. Management has also decided that $45,000 in inventories and $12,000 in accounts payable are needed if the...
BETHESDA MINING COMPANY Bethesda Mining is a midsized coal mining company with 20 mines located in...
BETHESDA MINING COMPANY Bethesda Mining is a midsized coal mining company with 20 mines located in Ohio, Pennsylvania, West Virginia, and Kentucky. The company operates deep mines as well as strip mines. Most of the coal mined is sold under contract, with excess production sold on the spot market. The coal mining industry, especially high-sulfur coal operations such as Bethesda, has been hard-hit by environmental regulations. Recently, however, a combination of increased demand for coal and new pollution reduction technologies...
BETHESDA MINING COMPANY Bethesda Mining is a midsized coal mining company with 20 mines located in...
BETHESDA MINING COMPANY Bethesda Mining is a midsized coal mining company with 20 mines located in Ohio, Pennsylvania, West Virginia, and Kentucky. The company operates deep mines as well as strip mines. Most of the coal mined is sold under contract, with excess production sold on the spot market. The coal mining industry, especially high-sulfur coal operations such as Bethesda, has been hard-hit by environmental regulations. Recently, however, a combination of increased demand for coal and new pollution reduction technologies...
BETHESDA MINING COMPANY Bethesda Mining is a midsized coal mining company with 20 mines located in...
BETHESDA MINING COMPANY Bethesda Mining is a midsized coal mining company with 20 mines located in Ohio, Pennsylvania, West Virginia, and Kentucky. The company operates deep mines as well as strip mines. Most of the coal mined is sold under contract, with excess production sold on the spot market. The coal mining industry, especially high-sulfur coal operations such as Bethesda, has been hard-hit by environmental regulations. Recently, however, a combination of increased demand for coal and new pollution reduction technologies...
BETHESDA MINING COMPANY Bethesda Mining is a midsized coal mining company with 20 mines located in...
BETHESDA MINING COMPANY Bethesda Mining is a midsized coal mining company with 20 mines located in Ohio, Pennsylvania, West Virginia, and Kentucky. The company operates deep mines as well as strip mines. Most of the coal mined is sold under contract, with excess production sold on the spot market. The coal mining industry, especially high-sulfur coal operations such as Bethesda, has been hard-hit by environmental regulations. Recently, however, a combination of increased demand for coal and new pollution reduction technologies...
Question: BETHESDA MINING COMPANY Bethesda Mining is a midsized coal mining company with 20 mines located...
Question: BETHESDA MINING COMPANY Bethesda Mining is a midsized coal mining company with 20 mines located i... BETHESDA MINING COMPANY Bethesda Mining is a midsized coal mining company with 20 mines located in Ohio, Pennsylvania, West Virginia, and Kentucky. The company operates deep mines as well as strip mines. Most of the coal mined is sold under contract, with excess production sold on the spot market. The coal mining industry, especially high-sulfur coal operations such as Bethesda, has been hard-hit...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT