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PoBF 4.01 Vocabulary

PoFB 4.01 & 4.02 Vocabulary

TermDefinition
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.
Created by: ruby.parsons
 

 



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