The Least Liquid Asset on This List Is

question 39

Multiple Choice

The least liquid asset on this list is

• A)money.
• B)bonds.
• C)houses.
• D)stocks.

---

Definitions:

Personal Gain

The benefit or advantage acquired by an individual from a particular scenario or transaction, often financial in nature.

Internal Control

A process designed to ensure the reliability of financial reporting, effectiveness of operations, and compliance with laws and regulations.

Ethics

Moral principles that govern a person's behavior or the conducting of an activity.

Indirect Cost

A type of expense not directly attributable to a specific cost object, such as a product or project, and often includes administrative expenses, utilities, and security costs.