The Key Development in the Communications Revolution Was the

question 37

Multiple Choice

The key development in the communications revolution was the

• A) telegraph.
• B) railroad.
• C) Pony Express.
• D) stagecoach.
• E) telephone.

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Definitions:

Quick Ratio

A measure of a company's ability to meet its short-term obligations using its most liquid assets.

Accounts Receivable

Accounts receivable represents the money owed to a company by its customers for goods or services that have been delivered but not yet paid for, essentially an extension of credit from the company to the customer.

Accounts Payable

The amount of money owed by a company to its suppliers or creditors for goods and services purchased on credit.

Quick Ratio

A liquidity indicator that measures a company's ability to cover its short-term obligations with its most liquid assets, excluding inventories.