Match Each of the Following Terms with the Most Appropriate

question 218

Short Answer

Match each of the following terms with the most appropriate definition.
a. Return on assets
b. Assets
c. Expenses
d. Risk
e. Liabilities
f. Owner withdrawals
g. Accounting equation
h. Owner capital
1. The uncertainty about the return to be earned.
____ 2. Resources such as cash that an owner puts into the company.
____ 3. A financial ratio stated as income divided by assets invested.
____ 4. Creditor's claims on a company's assets.
____ 5. Decreases in equity from costs of providing products or services to customers.
____ 6. Resources such as cash that an owner takes from the company for personal use.
____ 7.Resources a company owns or controls that are expected to yield future benefit.
8. Expresses the relation of assets, liabilities and equity in a company, comparing the resources the company owns to the sources of funds to acquire the resources.

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Definitions:

Telecommuting

A work arrangement in which employees perform their job duties from an off-site location, often using technology to stay connected to their workplace.

Mobile Internet Technology

Refers to the use of wireless technology to access the Internet on mobile devices like smartphones and tablets, allowing for connectivity anywhere.

Unionized Organizations

Workplaces where employees are members of a labor union that negotiates wages, working conditions, and other aspects of employment on their behalf.

Formal Grievance Programs

Structured processes established by organizations for employees to file complaints or grievances concerning workplace issues or disputes.