An Asset That Can Be Converted Quickly into Cash at a Low

question 97

Multiple Choice

An asset that can be converted quickly into cash at a low transaction cost is known as

• A)a liquid asset.
• B)deposits.
• C)credit card
• D)None of the above is correct.

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Definitions:

Operation Efficiency

Refers to the ability of an organization to minimize waste and use resources in the most effective manner to produce goods and services.

Machine Bureaucracy

An organizational form characterized by high specialization, a detailed division of labor, a hierarchy of authority, and a rigid set of rules and regulations.

Automobile Plant

A manufacturing facility specifically designed for the production of automobiles, including assembly and component manufacturing processes.

Routinized Tasks

Activities or duties that are standard, routine, and performed according to established procedures, often requiring little variation or decision-making.