Which of the following is true of current assets?
A) The time of conversion of current assets to more liquid form is relatively unpredictable.
B) They are used to fund long-term operations and pay long-term expenses.
C) They are more profitable because they add more value to the product than that provided by fixed assets.
D) They are sources of short-term financing for a firm.
A
You might also like to view...
Which of the following is NOT a type of agent authority?
A) Express B) Obvious C) Apparent D) Implied"
The Likert scale has several advantages. Which of the following is not an advantage?
A) It does not require a pretest of the adjectives or phrases to ensure bipolarity. B) Respondents readily understand how to use the scale. C) It is suitable for mail, telephone, or personal interviews. D) It is easy to construct and administer.