The Ability to Generate Cash to Pay Bills Is Known

question 57

Multiple Choice

The ability to generate cash to pay bills is known as __________.

• A) liquidity
• B) leverage
• C) asset management
• D) profitability

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Definitions:

Process Controls

Mechanisms and procedures implemented to regulate and optimize the performance of processes within an organization.

Formalization

Is written documentation of work rules, policies, and procedures.

Total Quality Management

A holistic approach to long-term success that views continuous improvement in all aspects of an organization as a process and not as a short-term goal.

Centralization

The degree to which the authority to make decisions is restricted to higher levels of management.