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PoBF 4.01 Vocabulary
PoFB 4.01 & 4.02 Vocabulary
Term | Definition |
---|---|
Accident | An unexpected happening that may result in injury, loss, or damage. |
Compliance | Fulfilling the requirements of the law. |
Hazard | Potential events or situations that can cause injury or harm to people, property, or the environment |
OSHA- Occupational Safety and Health Act of 1970 | A federal government agency that writes and enforces safety and health standards for businesses. (EC LAP 16, RM LAP 2, RM LAP 3) |
Risk | The possibility of loss (failure) or gain (success). |
Safety | Freedom from danger, risk, or injury. |
Purchasing | The buying of goods and services for a business. |
Purchase Order | The form that a business fills out to order goods; may be the same as a purchase agreement or purchase contract. |
Purchasing Process | A series of sequential steps taken by purchasing specialists to buy goods and services for a business. |