Listed Below Are Eight Terms Followed by a List of Phrases

question 127

Multiple Choice

Listed below are eight terms followed by a list of phrases that describe or characterize the terms. Match each phrase with the best term placing the number designating the term in the space provided.
-     A company's ability to pay its long-term liabilities. 

• A) Liquidity 
• B) Conservative accounting practices 
• C) Solvency 
• D) Extraordinary item 
• E) Discontinued operation 
• F) Horizontal analysis 
• G) Vertical analysis 
• H) Aggressive accounting practices 

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Definitions:

Unethical Conduct

Behavior that does not conform to accepted moral norms or standards, often violating ethical principles.

Company Rules

Guidelines and regulations established by a company that govern the behavior and responsibilities of its employees.

Profit Maximization

The process by which a business seeks to achieve the highest possible profit.

Corporate Citizenship Theories

A collection of ideas and practices that consider the role of businesses in society, focusing on their responsibilities towards stakeholders and the environment.