Which of the Following States Had the Highest Incidence of Union

question 254

Multiple Choice

Which of the following states had the highest incidence of union membership as a percent of all wage and salary workers in recent years?

• A) New York
• B) Arkansas
• C) North Carolina
• D) California

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.

Acid-Test Ratio

A financial metric used to determine a company's ability to pay off its short-term liabilities with its quick assets (cash, marketable securities, and receivables).

Account Payable

Represents the amount of money a company owes to its suppliers or creditors for goods and services received but not yet paid for.

Acid-Test Ratio

A stringent indicator of a company's liquidity, calculated by dividing its liquid assets (excluding inventory) by its current liabilities.