Which of the Following Is Generally Not Classified as a Current

question 96

Multiple Choice

Which of the following is generally not classified as a current liability?

• A)Salaries and Wages Payable
• B)Accounts Payable
• C)Taxes Payable
• D)Bonds Payable

---

Definitions:

Equilibrium Wage

The wage rate at which the quantity of labor supplied equals the quantity of labor demanded in the labor market.

Marginal Product

The additional output resulting from a one-unit increase in the use of a particular input, holding all other inputs constant.

Monopsony

A market condition where there is only one buyer for a product or service, giving them significant control over prices.

Hourly Wage

The rate an employee is paid for each hour of work.