The Four Basic Substances Underlying Living Activity of Earth, Water

question 22

Multiple Choice

The four basic substances underlying living activity of earth, water, air, and fire were emphasized by:

• A) Empedocles.
• B) Aristotle.
• C) Alexander.
• D) Democritus.
• E) Hippocrates.

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Definitions:

Notes Receivable

Financial assets representing the right to receive payments from a debtor for a specified amount by a certain date.

Receivables Turnover

A financial ratio indicating how quickly a company collects outstanding accounts receivable.

Current Ratio

A liquidity ratio that measures a company’s ability to cover its short-term liabilities with its short-term assets.

Inventory Turnover

A ratio that measures how many times inventory is sold and replaced over a certain period, used to evaluate the efficiency of a company's inventory management.