Final answer:
Both statements regarding OSHA regulations are false. OSHA standards apply to all businesses with employees, and employers must report certain types of injuries and incidents. Minor injuries requiring only first aid do not need to be reported, but more significant ones do.
Step-by-step explanation:
The question is regarding the truthfulness of two statements about the regulations of the Occupational Safety and Health Administration (OSHA). The true statements concerning OSHA and its regulations are that all employers, regardless of the number of employees, must comply with OSHA standards and report specific types of injuries, illnesses, and incidents to OSHA. Hence, the statements given are that OSHA regulations do not apply to companies of less than five employees and that you do not need to report minor injuries that only require first aid. Both of these statements are false.
OSHA regulations apply to all businesses with one or more employees, covering most private sector employers and their workers, as well as some public sector employees. Employers must report any work-related fatality within eight hours and any work-related inpatient hospitalization, amputation, or loss of an eye within 24 hours. This means that while minor injuries requiring only first aid do not need to be reported, more significant injuries do. OSHA's role includes enforcing the standards it sets to provide a safe workplace free from serious recognized hazards and includes extensive employer responsibilities such as hazard communication, providing personal protective equipment, and posting OSHA citations and injury/illness summary data where workers can see them.