Match Each of the Following Items with the Term or Phrase

question 198

Multiple Choice

Match each of the following items with the term or phrase (a-g) that best describes it. Terms or phrases may be used more than once.
-(Cash + Temporary investments + Accounts receivable) /Current liabilities

• A)Current ratio
• B)Working capital
• C)Quick assets
• D)Quick ratio
• E)Record an accrual and disclose in the notes to the financial statements
• F)Disclose only in notes to financial statements
• G)No disclosure needed in notes to financial statements

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Definitions:

Social Institutions

Established systems and structures within a society that dictate certain patterns of behavior and relationships, such as family, education, and religion.

Structural Functionalism

A sociological theory that views society as a complex system whose parts work together to promote solidarity and stability, focusing on social structures and their functions.

Large-scale Social Structures

The overarching frameworks and institutions that shape societies, including economies, political systems, and social norms, influencing individual and group interaction.

Institutions

Established organizations or foundational systems within a society that dictate and regulate patterns of behavior or norms, such as legal or educational systems.