Calculate the Current Ratio of the Organization from the Information

question 91

Multiple Choice

Calculate the current ratio of the organization from the information given below. Sales = $200,000; Gross Profit = $40,000; Total Assets = $450,000; Current Assets = $250,000; Current Liabilities = $300,000

• A)0.44
• B)0.56
• C)0.67
• D)0.83

Understand major labor laws and their impacts on relationships between unions, employees, and employers.

Identify various types of union shops and their legal statuses.

Recognize the rights of employees under labor laws.

Analyze the legal aspects of unfair labor practices and employer-union interactions.

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Definitions:

Cyclical Unemployment

A type of unemployment that relates to the cyclical trends in the economy, fluctuating with the business cycle's contraction and expansion phases.

Automobile Industry

A sector of the economy focused on the manufacturing, design, marketing, and selling of motor vehicles.

Unemployment Rate

The share of the labor market that is unemployed and searching for a job actively.

Structural Unemployment

Joblessness caused by the restructuring of industries, often as a result of advancements in technology, rather than variations in market supply or demand.