Two Technicians Are Discussing Electrical Circuit Defects

question 26

Multiple Choice

Two technicians are discussing electrical circuit defects. Technician A says that an open is a circuit which has been turned off. Technician B says that a short-to-power is an unintentional connection between two or more conductors. Who is correct?

• A) A only
• B) B only
• C) Both A and B
• D) Neither A nor B

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Definitions:

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers for sales made on credit.

Balance Sheet

A financial statement that shows a company's financial position, including assets, liabilities, and shareholders' equity at a specific point in time.

Income Statement

A financial statement that shows a company's revenues and expenses, leading to the net profit or loss over a specific period.

Acid-test Ratio

A stringent indicator that determines whether a firm has enough short-term assets to cover its immediate liabilities without selling inventory.