Which of the Following Businesses Would You Expect to Have

question 27

Multiple Choice

Which of the following businesses would you expect to have the highest current ratio?

• A)Service business that sells on credit.
• B)Manufacturer.
• C)Retailer.
• D)Service business that sells for cash.

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Definitions:

Running Order

A sequence or schedule of tasks, performances, or events arranged in the order they are to take place or be executed.

Patent Rights

Legal rights granted by a government to an inventor, giving the inventor exclusive rights to use, sell, or license an invention for a certain period of time in exchange for public disclosure of the invention.

Personal Property

Any non-real estate property, which can include movable objects, vehicles, furniture, and intellectual properties.

Inter Vivos

A legal term used to describe an action or a gift that takes place or is given during the lifetime of the giver.