Accounting Terminology
Listed Below Are Eight Technical Accounting Terms Introduced

question 14

Essay

Accounting terminology
Listed below are eight technical accounting terms introduced in this chapter:
Each of the following statements may (or may not) describe one of these technical terms. For each statement, indicate the term described, or answer "None" if the statement does not correctly describe any of the terms.
____ (a) The percentage of total assets financed by creditors.
____ (b) A measure of the effectiveness with which management utilizes a company's resources, regardless of how those resources are financed.
____(c) A company's percentage share of total dollar sales within its industry.
____ (d) Current assets less current liabilities.
____ (e) A measure reflecting investors' expectations of future profitability.
____ (f) A measure of short-term solvency often used when a company has large inventories that cannot be quickly converted into cash.
____ (g) A ratio that helps individual stockholders relate the net income of a large corporation to their equity investment.
$$\begin{array} { | l | l | l | } \hline \text { Current ratio } & \text { Return on assets } & \text { Price-earnings ratio } \\\hline \text { Quick ratio } & \text { Market share } & \text { Earnings per share } \\\hline \text { Debt ratio } & \text { Working capital } & \\\hline\end{array}$$

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Definitions:

Personal Ideals

Personal values or standards that an individual strives to live by and uses as a basis for decision-making and behavior.

Executive Dining Rooms

Exclusive dining areas within a business or organization, often reserved for senior management and special guests, which emphasize privacy and higher service quality.

Perks Distribution

The process of assigning non-monetary benefits or privileges to employees as part of their compensation or rewards.

Crisis Management

The process by which an organization deals with a disruptive and unexpected event that threatens to harm the entity or its stakeholders.