A Company Has a Quick Ratio of 1

question 24

Multiple Choice

A company has a quick ratio of 1.9 before paying off a large current liability with cash.As a result,what happens to the quick ratio?

• A)It is greater than 1.9.
• B)It is less than 1.9.
• C)It remains equal to 1.9.
• D)It is either greater than 1.9 or less than 1.9 depending upon the dollar amount involved.

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Definitions:

Generalization

The process by which a response is given not only to the original stimulus but also to other similar stimuli, a fundamental concept in learning theory.

Blue Jacket

Originally, a term used to refer to a sailor in the navy, recognized by their distinctive blue uniforms.

Stimulus Generalization

The tendency to respond to stimuli that are similar to the original conditioned stimulus.

Original Conditioned Stimulus

A stimulus that naturally triggers a response before any conditioning process begins.