Cash Is A

question 80

Multiple Choice

Cash is a:

• A)long-term asset.
• B)current asset.
• C)current liability.
• D)long-term liability.

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Definitions:

Class

A system of categorizing society into groups based on factors such as wealth, occupation, and social status, affecting individuals' opportunities and life outcomes.

Status Group

A segment of society that shares similar prestige or honor, distinguished by their lifestyle, affiliation, or lineage, influencing social hierarchy.

Social Rank

A position within the social hierarchy of a society that is determined by factors like wealth, occupation, education, gender, age, and race.

Taste

Refers to the individual preference or inclination towards certain experiences, such as flavors, fashion, art, or literature.