Match the Following Terms with Their Definitions

question 57

Multiple Choice

Match the following terms with their definitions.
-Net income

• A)Uses a base year
• B)Inventory and prepaid expenses are subtracted
• C)A liability
• D)Net sales ÷ total assets
• E)Actual sale after returns on discounts
• F)Current assets ÷ current liabilities
• G)What we owe creditors
• H)Data placed side by side
• I)Cash, supplies
• J)Obligations due within one year
• K)Cost of goods for resale
• L)Obligations that are not due for at least one year
• M)Total this period is compared by amount of percent to same total last period
• N)Part of stockholders' equity
• O)What customers owe
• P)Dollars not shown
• Q)Paid in advance
• R)Profit
• S)Revenues and expense for a specific period of time
• T)Prepared as of a particular date
• U)Beginning inventory plus new purchases - ending inventory
• V)True cost of purchases
• W)Includes no plant and equipment assets
• X)Sales - cost of goods sold
• Y)Each liability and equity is analyzed as a percent of the total

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Definitions:

Progressive Discipline

A disciplinary process in the workplace that uses a graduated range of responses to employee misconduct, from verbal warnings to dismissal.

Disciplinary Interview

A meeting between an employee and management to discuss breaches of discipline or workplace standards, potentially leading to corrective action.

Disciplinary Action

Measures taken by an employer to correct an employee’s misconduct or performance issues.

Communicate Rules

The process of conveying guidelines, policies, or regulations to ensure they are understood and followed within an organization or community.