With Regard to Liabilities, Liquidity Refers to

question 73

Multiple Choice

With regard to liabilities, liquidity refers to

• A)a company's ability to convert its assets to cash to pay its liabilities
• B)a company's ability to use its financial resources to adapt to change
• C)a company's operating cycle
• D)only liabilities and not assets

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Definitions:

Political Conditions

The state of the political environment in a country, including stability, governance quality, and policy directions.

Wagner Act

Also known as the National Labor Relations Act of 1935, it established rights for workers to form unions and engage in collective bargaining in the United States.

Unionized Business

A business where its workers are members of a union, which represents their interests in negotiations with management over wages, benefits, and working conditions.

NLRB

The National Labor Relations Board, a US federal agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.