Geographical Conditions,such as Good Climate,availability of Natural Resources,and Fertile Soil,are

question 2

Multiple Choice

Geographical conditions,such as good climate,availability of natural resources,and fertile soil,are examples of ________.

• A) implicit causes of prosperity
• B) explicit causes of prosperity
• C) proximate causes of prosperity
• D) fundamental causes of prosperity

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated by dividing current assets by current liabilities.

Acid-Test Ratio

A financial metric that measures a company's ability to pay off its current liabilities with its quick assets such as cash, marketable securities, and accounts receivable.

Quick Ratio

A metric to evaluate a company's short-term liquidity position, calculated by dividing liquid assets by current liabilities.