CASE: You Were Given a New Computer for Your Birthday

question 151

Multiple Choice

CASE: You were given a new computer for your birthday. You are excited to try out all the new apps. You have learned in class that it is important to set the privacy settings correctly so you can manage what you share. You have started to get alerts about weather in your area, you must have set which privacy setting to on?

• A) Camera
• B) Location
• C) Radios
• D) Contacts

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Definitions:

Current Asset Management

The practice of managing a company's short-term assets and liabilities to ensure it has sufficient liquidity to run its operations efficiently.

Pro Forma Cash Budgets

Projected budgets that estimate the inflow and outflow of cash to a business over a specified period, used for planning purposes.

Accounting Statements

Financial documents that provide an overview of a company's financial performance and position at a given point in time.

Accounts Receivable Period

The average number of days it takes for a company to collect payments from its customers after a sale has been made, a key component in managing cash flow.