Which of the Following Initiatives Would Be More Likely Than

question 16

Multiple Choice

Which of the following initiatives would be more likely than the others to be funded with a categorical grant?

• A) the building of a new community recreation center
• B) wastewater quality control
• C) pollution prevention
• D) crime prevention

---

Definitions:

Liquidity

The measure of a company's or individual's ability to meet short-term obligations without raising external capital, often reflected by the amount of cash or easily convertible assets.

Operating Cycle

The period of time it takes for a company to purchase inventory, sell it to customers, and collect the cash from the sales.

Financial Resources

Financial resources are the funds available to a business or individual for spending, investment, and other purposes.

Accumulate

To gather or collect items over a period of time, often for a specific purpose or to achieve a particular goal.