Which of the Following Industries Is Most Likely to Select

question 50

Multiple Choice

Which of the following industries is most likely to select its bargaining agent through a system of voluntary recognition?

• A)auto industry
• B)steel plant
• C)homebuilders
• D)universities
• E)hospitals

---

Definitions:

Assets Liabilities

Assets are resources owned by a business that have economic value, while liabilities are obligations of a business to transfer resources to another entity in the future.

Accounting Period

A specific period of time used for financial reporting purposes, usually a quarter or a year, to measure business activities and prepare financial statements.

Trial Balance

A bookkeeping report that lists the balances of all ledgers in two columns, debits and credits, ensuring that total debits match total credits.

Chart of Accounts

A systematic listing of all accounts used by an organization, categorized to facilitate financial reporting and bookkeeping.