Each Hoistway Elevator Pit Shall Have at Least One ____-Volt

question 16

Multiple Choice

Each hoistway elevator pit shall have at least one ____-volt, single phase, 15- or 20-ampere duplex receptacle

• A) 100
• B) 120
• C) 125
• D) 140

---

Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed in the business cycle within one year.

Current Liabilities

Short-term financial obligations due within one year or less, typically including accounts payable, short-term loans, and other similar liabilities.

Obligations

The responsibilities or liabilities a company has, typically financial in nature, that it is required to pay to others.

Liquidity

The ability to change an asset into cash easily without affecting its market price.