Match Each of the Following Items with the Term or Phrase

question 115

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.
-Current assets/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

---

Definitions:

Collective Bargaining

A process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Open-ended

A term or condition that lacks a definite endpoint or conclusion, allowing for flexibility and adaptation over time.

Grievances

Formal complaints made by employees or unions regarding violations of contracts or unfair treatment in the workplace.

Arbitration

A dispute resolution process where an impartial third party, the arbitrator, makes decisions to resolve a dispute outside of court.