The ________ (GAAP)must Be Followed by Publicly Owned Companies and Are

question 20

Short Answer

The ________ (GAAP)must be followed by publicly owned companies and are changed and refined in response to changes in the environment in which businesses operate.

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Definitions:

Corporate Philanthropy

The act of corporations donating some of their profits or resources to charitable causes.

Managers and Employees

The relationship and roles within an organizational hierarchy where managers oversee operational or departmental tasks and employees carry out those tasks according to guidelines.

Occupational Safety and Health Administration (OSHA)

A federal agency responsible for enforcing safety and health legislation to prevent workplace injuries, illnesses, and deaths.