Ann Signed a Contract to Work for Acme Global

question 23

Multiple Choice

Ann signed a contract to work for Acme Global.The contract described the terms of her employment,including her pay and benefits.Ann signed a(n) ________ contract.

• A)express
• B)implied
• C)quasi
• D)collective

---

Definitions:

D/E Ratio

The debt-to-equity ratio, a measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity.

Assets

Resources owned by a business or individual that have economic value and can be used to meet debts, commitments, or legacies.

Debt/Equity Ratio

A gauge illustrating the financial reliance of a company on debt versus equity for asset support.

Long-Term Debt Ratio

The long-term debt ratio measures the proportion of a company's total debt that is due in more than one year, indicating the extent to which a company relies on long-term borrowing for its financing needs.