The Act That Provides for the Development and Enforcement of Standards

question 14

Multiple Choice

The act that provides for the development and enforcement of standards for occupational health and safety is the ___________.

• A) Rehabilitation Act of 1973
• B) Occupational Safety and Health Act
• C) National Labor Relations Act
• D) Taft-Hartley Act

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Definitions:

Deferred Tax Assets

Assets on a company's balance sheet that may be used to reduce future tax liability.

Deferred Tax Liabilities

Future tax obligations due to temporary differences between the tax basis of an asset or liability and its reported amount in the financial statements.

GAAP

Stands for Generally Accepted Accounting Principles, which are a common set of accounting rules and standards used in the United States for financial reporting.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is gaining global acceptance.