When You Believe That You Have Shown Each Business Form

question 4

Multiple Choice

When you believe that you have shown each business form or transaction, computer screen, and report as a single data flow, you have probably reached the:

• A) level-0 diagrams.
• B) ternary-level diagrams.
• C) primitive data-flow diagrams.
• D) secondary-level diagrams.
• E) context-level diagrams.

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Definitions:

Current Assets

Resources intended to be turned into cash, sold, or used up either within one year or over the course of the business's operating cycle, depending on which period is greater.

Cash Reserves

Funds that a company or individual keeps on hand to meet short-term and emergency funding needs.

Inventory Turnover

A calculation representing the turnover rate of a company's stock, showing how often it's sold and replaced within a given period.

Current Ratio

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