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The Concept of Permanent Current Operating Assets Reflects the Fact

question 121

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The concept of permanent current operating assets reflects the fact that some components of current assets do not shrink to zero even when a business is at its seasonal or cyclical low.Thus, permanent current operating assets represent a minimum level of current assets that must be financed.

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Definitions:

Scored

In psychological testing, "scored" refers to the process of assigning numerical values to responses for the purpose of measuring traits or abilities.

Subjectively

Based on or influenced by personal feelings, tastes, or opinions rather than external facts or evidence.

Endure

To suffer patiently or remain in existence; to last without giving way under pressure or adversity.

College Students

Individuals enrolled in a higher education institution pursuing undergraduate, postgraduate, or doctoral studies.

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