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Assume a company now has a current ratio of 3. Just before year end, it decides to pay back some of its current liabilities, using its cash. Which of the following statements is correct regarding the effect of this decision?
Stackelberg Firm
A business that is considered a leader in a market, setting prices or quantities that followers in the market then respond to.
Incentive
A motivation or reward offered to encourage specific behaviors or actions, often used in business, economics, and psychology.
Accommodation
The provision of a place to stay or the process of adjusting something to match a certain need.
War
A state of armed conflict between different countries or different groups within a country.
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