Which of These Is Not a Current Liability

question 13

Multiple Choice

Which of these is not a current liability?

• A) Dividend payable.
• B) Accounts payable.
• C) General reserve.
• D) Accrued expenses.

Recognize the importance of consumer rights in transactions, specifically the right to cancel under the Cooling-off Rule and protections against unsolicited merchandise.

Understand the regulations surrounding advertising and labeling, including those enforced by the FTC and FDA.

Appreciate the significance of specific consumer protection acts, such as the Telephone Consumer Protection Act and the Flammable Fabrics Act.

Understand international trade agreements’ impact on product labeling and consumer protection.

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Definitions:

Union Representation Elections

The process by which employees of a workplace vote on whether to have a union represent them in collective bargaining with their employer.

Unfair Labor Practice

Actions by employers or unions that violate the rights of employees as defined by labor laws or agreements.

U.S. Labor Law

The body of laws, regulations, and judicial precedents that address the legal rights of, and restrictions on, working people and their organizations in the United States.

Section 8(a)(3)

A provision of the NLRA that prohibits employers from discriminating against employees for their union membership, activities, or collective bargaining efforts.