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Presented Here Are Five Economic Events

question 91

Essay

Presented here are five economic events. For each item, indicate whether the event increased (+), decreased (-), or had no effect (NE) on assets, liabilities, and stockholders' equity. Presented here are five economic events. For each item, indicate whether the event increased (+), decreased (-), or had no effect (NE) on assets, liabilities, and stockholders' equity.


Definitions:

Labor Union

An organization formed by workers in the same trade or industry to negotiate collectively with their employers over wages, hours, benefits, and working conditions.

Employment Discrimination

Unfair treatment of employees or job applicants based on race, gender, age, religion, or other personal characteristics rather than job performance or qualifications.

Personal Prejudices

Preconceived opinions or biases held by an individual that are not based on reason or actual experience.

Higher Costs

An increase in the expenses associated with production, operation, or acquisition in business or personal finances.

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