An Automobile Is an Asset, but It Is Not Liquid

question 65

Multiple Choice

An automobile is an asset, but it is not liquid because:

• A)The transactions costs for the used automobile market are high
• B)The owner may still be making payments on the loan
• C)The automobile may not be in good repair
• D)The automobile cannot be sold without a loss in value

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Definitions:

Organizational Strategies

High-level plans that outline how a business will achieve its goals, considering both internal capabilities and external opportunities.

Human Resource Objectives

The goals set by an organization's human resources department to support its workforce and overall business strategy effectively.

Strategic Plans

A comprehensive plan outlining an organization's goals, strategies, and actions to achieve those goals over a specific period.

Tactical Plans

Short-term actions and strategies designed to achieve specific goals within a limited time frame.