What Are the New Legislative Requirements That Owners Must Meet

question 74

Multiple Choice

What are the new legislative requirements that owners must meet to ensure their work environment is free of violence?

• A)conduct a risk assessment
• B)development of policies and procedures to deal with security measures
• C)post the legislation where employees can read it
• D)develop an emergency response plan

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Definitions:

GAAP

Generally Accepted Accounting Principles; the common set of accounting principles, standards, and procedures that companies use to compile their financial statements in the US.

Cost Flow Assumption

An accounting principle that determines how costs are allocated and reported, including FIFO (First-In, First-Out), LIFO (Last-In, First-Out), and average cost methods.

Vendor Allowances

Vendor allowances are funds provided by suppliers to a retailer for various promotional activities aimed at increasing the sale of their products.

Carrying Cost

The total cost of holding inventory, including storage, insurance, taxes, opportunity costs, and depreciation, over a certain period of time.