Which of the Following Statements Is True

question 47

Multiple Choice

Which of the following statements is true?

• A) The lungs can remove larger amounts of acid from the body than the kidneys.
• B) The kidneys can remove larger amounts of acid from the body than the lungs.
• C) Unlike the lungs, the kidneys can remove base from the body.
• D) Both B and C are true.

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Definitions:

Net Working Capital

A measure of a company's short-term financial health, calculated as current assets minus current liabilities.

Inventory

The raw materials, work-in-process products, and finished goods that are considered a part of a business's assets that are ready or will be ready for sale.

After-Tax Salvage Value

The net value of an asset after it has been disposed of and all related taxes have been paid.

Net Working Capital

The difference between a company's current assets and its current liabilities, indicating the financial health and operational efficiency.