Which of the Following Assets Is the Most Liquid

question 253

Multiple Choice

Which of the following assets is the most liquid?

• A) An office building
• B) An electric saw for sale by a hardware store
• C) A patent on a new kitchen appliance
• D) A manufacturing plant
• E) An amount receivable from a customer for a service provided

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Definitions:

Abstract Reasoning

Abstract reasoning involves the ability to think about objects, principles, and ideas that are not physically present.

Middle Childhood

A developmental stage typically covering the period from about 6 to 12 years old, where children experience major growth in cognitive, physical, and social skills.

Static Reasoning

A characteristic of preoperational thought in which a young child thinks that nothing changes. Whatever is now has always been and always will be.

Concrete Operational

A stage of cognitive development in children, proposed by Piaget, occurring roughly between the ages of 7 and 12, during which children gain a better understanding of mental operations and physical concepts.