Which of the Following Is an Example of an Illiquid

question 36

Multiple Choice

Which of the following is an example of an illiquid asset?

• A)cash
• B)ownership in a private company
• C)checking account funds
• D)savings account funds

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Definitions:

Part No.

A unique identifier assigned to a specific part or component within a manufacturing system or inventory.

Work in Process Inventory

Inventory that includes all materials, labor, and overhead costs for products in the manufacturing process but not yet completed.

Direct Materials Inventory

The stock of raw materials that will be directly used in the production of goods, readily available for the manufacturing process.

Direct Labor Hours

The total hours worked by employees directly involved in the production of goods or services.