A Current Asset Is

question 23

Multiple Choice

A current asset is:

• A) an item currently owned by the firm.
• B) an item that the firm expects to own within the next year.
• C) an item currently owned by the firm that will convert to cash within the next 12 months.
• D) the amount of cash on hand the firm currently shows on its balance sheet.
• E) the market value of all items currently owned by the firm.

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Definitions:

Fixed-interval

Refers to a schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed, commonly used in behavioral psychology.

Variable-interval

A timing schedule in operant conditioning where reinforcement is provided after an unpredictable time interval, leading to a steady rate of response.

Fixed-interval

In behavioral psychology, this is a reinforcement schedule that delivers a reward for the first response following a predetermined time interval.

Variable-ratio

A reinforcement schedule in which a response is reinforced after an unpredictable number of responses, which tends to produce high rates of response.