Final answer:
Considering RioFit's efforts to comply with OSHA standards and that this is their first offense, it's likely OSHA would adjust the penalty down. The maximum fines are $7,000 for a serious violation and $70,000 for a willful or repeat violation, but with mitigating factors, the penalty is often reduced.
Step-by-step explanation:
When it comes to assessing penalties for violations of the Occupational Safety and Health Administration (OSHA) regulations, multiple factors are considered. These include the gravity of the violation, size of the business, shown good faith, and history of previous violations. First-time offenders who demonstrate a sincere effort to comply with OSHA standards often receive a reduced penalty. Given that the maximum fine for a serious violation is $7,000 and for a willful violation is $70,000, and considering RioFit's good faith effort, it is reasonable to expect that OSHA would adjust RioFit's penalty down from the established standards.
If RioFit's violation was not willful or repeat, they would not face the maximum fine. Nonetheless, OSHA still generally issues a fine, albeit likely reduced based on the mentioned mitigating factors, rather than just a warning. In cases where a penalty is contested, it is reviewed by the Occupational Safety and Health Review Commission (OSHRC).