Which of the Following fiNancial Statement Items Is Generally Considered

question 130

Multiple Choice

Which of the following financial statement items is generally considered the most liquid?

• A) Intangible assets.
• B) Net fixed assets.
• C) Long-term debt.
• D) Patents and trademarks.
• E) Accounts receivable.

---

Definitions:

Foot-in-the Door Technique

A persuasion strategy where a small request is made first in order to increase the likelihood of compliance with a larger request later.

Large Request

A significant or considerable demand or appeal made by one party to another.

Lowball Technique

A persuasion strategy where an initially favorable offer is made, only to have the terms change unfavorably once initial commitment is secured.

Compliance

The tendency to agree to do things requested by others, often to conform with social norms or expectations.