Tran Zhao Has Monetary Assets Valued at $17,500 and Monthly

question 22

Multiple Choice

Tran Zhao has monetary assets valued at $17,500 and monthly expenses of $2,525.Using the liquidity ratio,how long could Tran live on his monetary assets if he were to lose his job?

• A)Over 12 months
• B)About 7 months
• C)About 3 month
• D)Less than 1 month

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Definitions:

Formal Structure

The officially designated arrangement of roles and responsibilities within an organization, typically outlined in organizational charts and documents.

Unity of Command

A principle stating that each employee should report to one and only one manager to avoid confusion and conflict.

Managerial Authority

The power vested in managers to make decisions and direct resources to achieve organizational goals.

Procedures

Established methods for conducting tasks or activities within an organization, aimed at achieving consistency and efficiency.