Every Employer That Is Engaged in Commerce and Has at Least

question 47

Multiple Choice

Every employer that is engaged in commerce and has at least _____ must comply with the Occupational Safety and Health Act of 1970.

• A) one employee
• B) 10 employees
• C) five employees
• D) 20 employees

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Definitions:

Property Tax Payable

A liability representing taxes due on the property owned by an individual or company, typically paid annually.

Non-current Liability

Long-term financial obligations listed on a company's balance sheet that are not due within the upcoming twelve months.

Non-current Asset

Assets not expected to be converted into cash, consumed, or utilized within one year of the balance sheet date, including property, plant, and equipment.

IFRS

International Financial Reporting Standards, a set of global accounting standards developed by the International Accounting Standards Board.