A Normally Open (NO) Switch Is Closed Until Activated

question 13

True/False

A normally open (NO) switch is closed until activated.

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Definitions:

Marketable Securities

Financial instruments and assets that can be easily sold or converted into cash, often used for short-term investments or liquidity purposes.

Operating Assets

Operating assets are the assets that a business uses to generate revenue as part of its core operations, excluding investments and cash reserves.

Current Asset

An asset on the balance sheet that is expected to be sold or otherwise used up in the near term, typically within one year, including cash, inventory, and receivables.

Current Liability

Financial obligations a company must settle within one year, including accounts payable, taxes, and short-term loans.