Match the Terms with the Definitions

question 27

Multiple Choice

Match the terms with the definitions.
-Quick assets divided by current liabilities.

• A)selling expenses
• B)quick assets
• C)average days to sell inventory
• D)book value
• E)property, plant, and equipment
• F)operating cycle
• G)quick ratio
• H)general expenses
• I)gross profit
• J)net sales
• K)multiple-step income statement
• L)inventory turnover
• M)liquidity

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Definitions:

Working Life

The period during which a person participates in the workforce, engaging in paid employment or professional activities.

Recycled

The process of converting waste materials into new materials and objects, aimed at reducing consumption of fresh raw materials and energy usage.

Competitive Advantage

Competitive advantage refers to the attributes that allow an organization to outperform its competitors, including cost structure, product offerings, customer service, and more.

Product Replication

The act of duplicating or making a copy of an existing product, typically to broaden market reach or capitalize on the success of the original item.