A Construction Company Has Determined That Some of Its Organizational

question 24

Multiple Choice

A construction company has determined that some of its organizational practices can cause serious health hazards to its employees. Besides changing some of these practices, the company needs to

• A) cover up this information.
• B) benchmark other companies.
• C) report these problems to OSHA.
• D) implement sensitivity training.
• E) advance an ethics code.

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Definitions:

Fraud

The intentional deception made for personal gain or to damage another individual or entity.

Journalizing

The process of recording financial transactions in the accounting journal.

Journal

A basic accounting record where all the financial transactions of a business are initially recorded in chronological order before being posted to accounts in the ledger.

Liability Accounts

Accounts on a balance sheet representing what a company owes to others, including loans, mortgages, and accounts payable.