Which One of the Following Represents the Most Liquid Asset

question 53

Multiple Choice

Which one of the following represents the most liquid asset?

• A)$100 account receivable that is discounted and collected for $96 today
• B)$100 of inventory which is sold today on credit for $103
• C)$100 of inventory which is discounted and sold for $97 cash today
• D)$100 of inventory that is sold today for $100 cash
• E)$100 accounts receivable that will be collected in full next week

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Definitions:

Gestalt Psychology

A theory of mind and brain proposing that the operational principle of the brain is holistic, parallel, and analog, with self-organizing tendencies; or, the idea that the perceptual whole is different than the sum of its parts.

Humanistic

Relating to a psychological perspective that emphasizes the study of the whole person and their unique individuality and potential.

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Free Will

The belief in an individual's capacity to control their actions and make decisions independently of external forces.