Match Each of the Following Items with the Term or Phrase

question 84

Multiple Choice

Match each of the following items with the term or phrase (a-g) that best describes it. Terms or phrases may be used more than once.
-Cash + Temporary investments + Accounts receivable

• A)Current ratio
• B)Working capital
• C)Quick assets
• D)Quick ratio
• E)Record an accrual and disclose in the notes to the financial statements
• F)Disclose only in notes to financial statements
• G)No disclosure needed in notes to financial statements

Distinguish between common law and statutory remedies available to consumers for defective goods.

Analyze the legal responsibilities of manufacturers under the Food and Drugs Act for improperly labeled products.

Comprehend the provisions of the Consumer Protection Act regarding unfair business practices and consumer credit.

Evaluate the legal consequences of actions undertaken by collection agencies under provincial legislation.

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Definitions:

Identify Risks

The process of recognizing and defining potential threats that could negatively affect an organization's ability to operate.

Supply Manager

A professional responsible for overseeing and managing a company's sources of supply, including procurement and supply chain management.

Assurance-Of-Supply Strategies

Tactics employed to ensure a continuous and reliable supply of necessary resources and materials.

Supply

The total amount of a product or service available for purchase or consumption.