POB OBJ 4.00 Vocab

Front

Accident

Back

An unexpected event causing injury, loss, or damage.

Front

Compliance

Back

Fulfilling the requirements of the law.

Front

Hazard

Back

Potential events or situations that can cause injury or harm to people, property, or the environment.

Front

OSHA - Occupational Safety and Health Act of 1970

Back

A federal agency that enforces safety and health standards for businesses.

Front

Risk

Back

The possibility of loss (failure) or gain (success).

Front

Safety

Back

Freedom from danger, risk, or injury.

Front

Purchasing

Back

Buying goods and services for a business.

Front

Purchasing Order

Back

The form a business fills out to order goods; may be the same as a purchase agreement or contract.

Front

Purchasing Process

Back

A series of sequential steps taken by purchasing specialists to buy goods and services for a business.

Front

Production

Back

The economic process of producing goods and services