Examlex
An employer may voluntarily recognize that its workers want to have a certain labor union represent them.
Accrued Liability
An expense that a business has incurred but has not yet paid, which is recognized in the financial statements for the period it relates to.
Loss
The result when a company's expenses exceed its revenues during a specific period, leading to a negative net income.
Operating Cycle
The average time period between the acquisition of materials for production and the receipt of cash from sales of the finished goods, critical for managing cash flow.
Current Liabilities
Financial obligations that a company is expected to pay within one year.
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