Which of the Following Statements Is True of the UN

question 55

Multiple Choice

Which of the following statements is true of the UN Global Compact?

• A)It encourages actions that cause the greatest good for the greatest number of people.
• B)It ignores the exploitation of less-developed countries by multinational corporations.
• C)It comprises laws that are legally enforced by the United Nations.
• D)It serves as a guideline for transparency and public accountability.

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Definitions:

Outstanding Checks

Checks that have been issued and recorded in an entity's accounting system but have not yet been cashed or cleared by the bank.

Bank Statement Adjustment

The process of modifying the balance shown in a bank statement to match the adjusted balance in the ledger accounts, usually due to timing differences in recording transactions.

Company Books Adjustment

The process of making changes to the financial records to correct errors or update accounting information.

Deposit In Transit

A banking term that refers to checks or other forms of payment that have been received and recorded by a company, but not yet processed or credited by the bank.