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16 Cards in this Set
- Front
- Back
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Accident |
An unexpected happening that may result in injury, loss, or damage |
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Compliance |
Fulfilling the requirements of the law |
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Hazard |
Potential events or situations that can cause injury or harm to people, property, or the environment |
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OSHA - Occupational Safety and Health Act of 1970 |
A federal government agency that writes and enforces safety and health standards for businesses |
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Risk |
The possibility of loss (failure) or gain (success) |
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Safety |
Freedom from danger, risk, or injury |
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Purchasing |
The buying of goods and services for a business |
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Purchasing Order |
The form that a business fills out to order goods; may be the same as a purchase agreement or purchase contract |
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Purchasing Process |
A series of sequential steps taken by purchasing specialists to buy goods and services for a business |
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Production |
Making a product or providing a service |
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Operations |
The major ongoing activities of a business |
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Input |
The resources used to produce a product or service |
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Natural Resources |
Resources provided by nature |
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Human Resources |
The people involved in production |
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Capital Resources |
Money, buildings, tools, and machines necessary for production |
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Output |
The quantity, or amount, produced within a given time |
