Which of the Following Is an Example of a Black

question 53

Essay

Which of the following is an example of a black market?
A.a tenant in a rent-controlled apartment subletting at a higher rent
B.the purchase of an inferior radio at a department store
C.waiting in line during the gasoline shortages of the 1970s
D.the oil market

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Definitions:

Liquidity

The ability of an entity to quickly convert its assets into cash or to pay off its current liabilities.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects money owed from its customers over a period.

Average Collection Period

The average amount of time that it takes for a business to receive payments owed by its clients in terms of receivables.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.