The Human Resources of a Firm Refers to _____

question 112

Multiple Choice

The human resources of a firm refers to _____.

• A)household consumers
• B)everyone who works for the business
• C)full-time employees
• D)top management executives

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Definitions:

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company’s balance sheet.

Net Income

The total earnings or profit of a company after subtracting all expenses, including taxes, interest, and operating expenses, from total revenue.

Merchandise Purchases Budget

A financial plan that estimates the cost of goods a business needs to purchase to meet its sales goals and maintain inventory levels.

Expected Cash Collections

The projected amount of cash a company anticipates to receive from customers over a specific period.