Which of the Following Statements Is True

question 13

Multiple Choice

Which of the following statements is true?

• A)The current ratio measures the ability of a company to pay its current debts.
• B)The current ratio is calculated by dividing current liabilities by current assets.
• C)The current ratio is calculated by dividing current assets by total assets.
• D)The current ratio is calculated by dividing total assets by current assets.

Grasp the concept of flexibility and adaptability in accounting systems for various organizational needs.

Acknowledge the principles of cost effectiveness and its importance in the design and operation of accounting information systems.

Distinguish between manual and electronic accounting systems, including transitions from one to another.

Recognize the significance of proper posting and reconciliation processes in manual and electronic accounting systems.

---

Definitions:

Servant Leadership

Servant leadership is a leadership philosophy in which the primary goal of the leader is to serve others, prioritizing the needs of team members and encouraging their development and performance.

Empowerment

Empowerment refers to the process of giving individuals or groups the authority, means, and confidence to take control of their own decisions and actions, thereby fostering a sense of autonomy.

Servant Leadership

A leadership philosophy that emphasizes the importance of serving others and prioritizing the well-being and development of followers over self-interest.

Empowering Leadership

A leadership style characterized by delegating authority to subordinates, fostering their confidence, and encouraging autonomy in decision-making.