If a Company Requests the Contracted Services of a Chaplain

question 73

Multiple Choice

If a company requests the contracted services of a chaplain from Marketplace Chaplains and Corporate Chaplains of America, then that company can expect ______.

• A) matters discussed with that chaplain to be reported to company management
• B) their employees to receive Christian-based counseling
• C) their employees to be able to call that chaplain anytime, day or night
• D) regular counseling workshops held at the company offices

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Definitions:

Contingent Liabilities

Liabilities that may arise from past transactions if certain events occur in the future.

Interest Expense

The cost incurred by an entity for borrowed funds; interest expense is a non-operating expense shown on the income statement.

360-Day Year

A financial convention that simplifies interest calculations by assuming a year has 360 days.

Note Payable

A financial obligation or loan documented by a written promissory note specifying repayment terms, interest rates, and maturity dates.