Match Each of the Following Terms Pertaining to Liabilities to Their

question 144

Multiple Choice

Match each of the following terms pertaining to liabilities to their definitions.
-A contra-liability account that represents interest deducted from a loan or note in advance.

• A)Current liability
• B)Accounts payable
• C)Notes payable
• D)Discount on notes payable
• E)Current maturities of long-term liabilities
• F)Accrued liabilities
• G)Contingent liability
• H)Estimated liability

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Definitions:

Acquired Needs Theory

A motivational theory that suggests individuals are driven by their desire to fulfill specific needs acquired over time, such as achievement, affiliation, and power.

Two-Factor Theory

A psychological theory proposed by Frederick Herzberg that explains motivation in the workplace, suggesting that there are factors that cause job satisfaction and factors that cause job dissatisfaction, acting independently.

Job Dissatisfaction

The feeling of unhappiness or discontentment an employee experiences regarding their job, often due to factors like working conditions, remuneration, or lack of recognition.

Comparable Worth

The principle that jobs of equal value to an organization should receive similar pay, regardless of the nature of the job or who holds it.