Assets, Liabilities, and Equity Accounts Are Considered

question 110

Multiple Choice

Assets, liabilities, and equity accounts are considered

• A) temporary accounts.
• B) closing accounts.
• C) permanent accounts.
• D) contra accounts.

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Definitions:

Collective Bargaining

The process by which workers, through their unions, negotiate contracts with their employers to determine their terms of employment.

Unions

Organizations formed by workers to represent their interests, typically in negotiations with employers over wages, benefits, and working conditions.

Management

The act of coordinating the efforts of people to accomplish desired goals and objectives using available resources efficiently and effectively.

Level of Success

A measure or assessment of the extent to which an individual, group, or organization has achieved its goals or objectives.