The Occupational Safety and Health Administration (OSHA) was created to:
A. oversee standards defined by Congress for health and safety in the workplace.
B. adjudicate violations of the Occupational Health and Safety Act by employers.
C. conduct research and make health and safety recommendations.
D. set health and safety standards and ensure such standards are implemented by employers
Ans: D. set health and safety standards and ensure such standards are implemented by employers.
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Which of the following observations concerning backdating of options is true?
a. It will not result in restatement of financial statements. b. The extraordinary timing and frequency of occurrences defied statistical probability. c. There is no concrete evidence that managers gained because of this practice. d. It is an accepted means of compensating managers who perform exceedingly well.
Once the useful life of a depreciable asset has been estimated and the amount to be depreciated each year has been determined, the amounts can not be changed
Indicate whether the statement is true or false