Which of the Following Is True About Asbestos

question 78

Multiple Choice

Which of the following is true about asbestos?

• A) There are several types of asbestos, but they represent the same mineral.
• B) Different types of asbestos have the same health risks.
• C) Each type of asbestos has long, straight fibers.
• D) Asbestos represents different minerals with different health risks.

---

Definitions:

Internal Control

Processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Payroll Bank Account

A designated bank account used exclusively for processing payroll transactions and managing salary disbursements.

Quick Ratio

A measure of a company's ability to meet its short-term obligations using its most liquid assets, excluding inventory.

Warranty Expense

Costs associated with the obligation to repair or replace products within a specified period due to defects or malfunctions, recognized as a liability on the balance sheet.