While It May Not Necessarily Be Illegal to Exploit Workers

question 2

True/False

While it may not necessarily be illegal to exploit workers in poorer countries by paying them poor wages and providing poor working conditions, organisations take a risk if they do this because of the possible public backlash resulting in bad publicity and their products or services being boycotted.

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Definitions:

Unadjusted Trial Balance

A report listing all the accounts and their balances before any adjusting entries are made, used to check the equality of debits and credits.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Close Account Year-End

The process of updating account balances and summarizing a company's financial activities to prepare for the next accounting period.