What Is a Fire-Sale Price

question 79

Multiple Choice

What is a fire-sale price?

• A)Market value of an asset.
• B)Price received for an asset that has to be liquidated immediately.
• C)Maximum price that will be received on sale of an asset irrespective of the time of sale.
• D)Replacement value of an asset.

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Definitions:

Biconditional

A logical relation between statements where both are either simultaneously true or simultaneously false.

Tautology

A statement that is true by virtue of its logical form alone, and is redundant or self-evident.

Main Component

The most important or central part of something which is essential to its operation or understanding.

Truth Table

A mathematical table used in logic to compute the functional values of logical expressions on each of their functional arguments.