The Difference Between Direct Contact and a Liaison Role Is

question 57

Multiple Choice

The difference between direct contact and a liaison role is that direct contact is _________ whereas a liaison role is _________.

• A) formal, informal
• B) informal, formal
• C) temporary, permanent
• D) permanent, temporary
• E) effective, ineffective

---

Definitions:

Acid-test Ratio

A financial metric that assesses a company's ability to pay its current liabilities with its most liquid assets.

Liquidity Problems

Financial difficulties arising from an entity's inability to quickly convert assets into cash without significant loss, impacting its capacity to meet short-term obligations.

Acid-test Ratio

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

Quick Assets

Assets that can be quickly converted into cash without a significant loss in value, including cash, marketable securities, and accounts receivable.