Match Each of the Following Current Liabilities with Its Meaning

question 147

Multiple Choice

Match each of the following current liabilities with its meaning.
-An accrued liability for amounts owed to employees for work performed.

• A)Account payable
• B)Note payable
• C)Wages payable
• D)Interest payable
• E)Sales taxes payable
• F)FICA taxes payable
• G)Unemployment taxes payable
• H)Unearned sales revenues
• I)Estimated warranty liability

Differentiate among a vendor, a partner, and a strategic alliance within the supply chain context.

Identify and describe the basic types of Third-Party Logistics (3PL) firms.

Recognize the two types of logistics relationships and be able to discuss one in detail.

Define and understand the nature of "transactional" relationships in logistics.

---

Definitions:

Liquid

Describes an asset that can be quickly converted into cash without significant loss of value or a market where such assets can be bought or sold with ease.

Financial Intermediaries

Institutions that facilitate the channeling of funds between savers and borrowers by intermediating financial transactions.

Stocks

Financial instruments that signify ownership in a corporation and represent a claim on part of the corporation's assets and earnings.

Bonds

Bonds are debt securities issued by entities (such as governments, municipalities, or corporations) to raise funds, promising to repay the principal along with interest on a specified date.