Decide what the best solution would be if you reach your lab table and find a broken beaker with liquid spilling out.

There are many safety precautions and rules you MUST follow during labs. 
for this incident here is what you should do:
1)Notify your Instructor and partner 
2) if the liquid is toxic (like not water or vinegar) then let your Instructor handle it properly, or follow your instructors orders (like if they say to put a towel over it or something like that)
3) Broken glassware, minus mercury thermometer, must be immediately cleaned up, do not use your bare hand, always wear gloves.
4)dispose of the broken glass properly and clean the liquid up (unless it is harmful, then let your instructor do it)

The reaction will shift to the right

Decomposition is the cycle at which bacteria breaks down any organic material into the soil