The Concept of Permanent Current Operating Assets Reflects the Fact

question 121

True/False

The concept of permanent current operating assets reflects the fact that some components of current assets do not shrink to zero even when a business is at its seasonal or cyclical low.Thus, permanent current operating assets represent a minimum level of current assets that must be financed.

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Definitions:

Rights

Legal, social, or ethical principles of freedom or entitlement; fundamental norms regarding what people are allowed to do or have.

Exclusionary Rule

A legal principle in the United States that prevents the government from using most evidence gathered in violation of the United States Constitution.

Supreme Court

The highest judicial authority in a country or state, responsible for interpreting the constitution and laws and reviewing lower court decisions.

Good Faith Exceptions

A legal principle allowing evidence collected in violation of privacy rights to be admitted in court if police believed they were following legal procedures.