Which of the Following Is True of Current Assets

question 100

Multiple Choice

Which of the following is true of current assets?

• A) The time of conversion of current assets to more liquid form is relatively unpredictable.
• B) They are used to fund long-term operations and pay long-term expenses.
• C) They are more profitable because they add more value to the product than that provided by fixed assets.
• D) They are sources of short-term financing for a firm.

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Definitions:

Authoritarian Personality

A type of personality characterized by a strong adherence to authority, compliance to established norms, and submission to authority figures.

Social Dominance Orientation

An individual's degree of preference for inequality among social groups, with a high orientation favoring hierarchical superiority and a low orientation emphasizing equality.

Prejudiced

Holding preconceived opinions or judgments about someone or something without adequate knowledge or factual basis.

Prejudice

Preconceived opinion or bias against an individual or group based on their characteristics, often without proper knowledge or experience.