An Organization That Represents the Collective Behalf of Workers to Employers

question 8

Multiple Choice

An organization that represents the collective behalf of workers to employers is called a(n) __________.

• A) trade union
• B) employer representative
• C) employee organization
• D) labor union

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Definitions:

Asset Turnover

Asset turnover is a financial ratio that measures the efficiency of a company in using its assets to generate sales or revenue.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, representing the wear and tear or obsolescence of the asset.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use, reducing its book value on the balance sheet.

Asset Turnover

A financial ratio that measures how efficiently a company uses its assets to generate sales, calculated by dividing total revenues by average assets.