Which Is NOT an Example of Long-Term Debt

question 41

Multiple Choice

Which is NOT an example of long-term debt?

• A)notes payable
• B)accounts payable
• C)bonds payable
• D)All of the above are examples of long-term debt.

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Definitions:

Mediation

A confidential and voluntary process involving a neutral third party to help resolve disputes or conflicts.

Wrongful Dismissal

A lawsuit filed in a court by an employee alleging that he or she was dismissed without proper contractual or “reasonable” notice.

Reasonable Notice

The period of notice that an employer is legally required to give an employee before terminating their employment, or that an employee should give an employer before resigning.

Employer's Ability

Employer's ability refers to the capacity or resources an employer has to provide employment, manage workers, and ensure a productive workplace.