In Finance, a Liquid Asset

question 31

Multiple Choice

In finance, a liquid asset:

• A)sells quickly.
• B)sells at or near its market value.
• C)both A and B
• D)none of the above

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Definitions:

Budgeting

Drafting a blueprint for budgeting your resources, specifying a company's fiscal and operational targets.

Planning Budget

A budget prepared for a particular level of activity that estimates revenues, expenses, and resources over a period.

Administrative Expenses

Costs related to the general operation of a business, such as salaries of executive officers, legal and accounting fees.

Tenant-days

A metric used to measure the total number of days all tenants occupy a rental property within a specified period.