Which of the Following Is a Current Liability

question 71

Multiple Choice

Which of the following is a current liability?

• A) accounts receivable
• B) cash
• C) notes payable
• D) inventory

---

Definitions:

Leadership Business Unit

A division or segment within an organization led by a manager with significant autonomy, responsible for strategic decisions and performance of that unit.

Self-Managing Business

A business or organization structure where teams or employees have the autonomy to make decisions and manage their activities without traditional managerial oversight.

Structural Business Partnership

A strategic alliance between companies that involves sharing resources and capabilities to achieve common business objectives, often formalized through legal agreements.

Strategy Analysis

The evaluation of the plans an organization develops to achieve its long-term objectives.