Programs in Effect in Some States Requiring Employers to Pay

question 58

Multiple Choice

Programs in effect in some states requiring employers to pay employees wages approximating the real cost of living in the locality are called __________ ordinances.

• A) real cost
• B) estimated expense
• C) living wage
• D) accurate wage

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Definitions:

Current Assets

Resources anticipated to be exchanged for cash, disposed of, or utilized within a twelve-month period or over the usual duration of the company's operational cycle, if that period extends beyond a year.

Current Liabilities

Short-term financial obligations due within one year, including debts and accounts payable.

Current Ratio

A financial ratio indicating a firm's capacity to settle short-term debts using its available assets.

Return on Assets

A financial ratio that indicates how profitable a company is relative to its total assets, measuring efficiency in using assets to generate earnings.