Which Is the Most Liquid Form of Assets

question 67

Multiple Choice

Which is the most liquid form of assets?

• A)cash
• B)accounts receivable
• C)inventory
• D)supplies

Grasp the concepts of inventory management and its financial implications.

Understand the significance of logistics in the supply chain and its strategic value in marketing.

Recognize the trade-offs and decision-making process in logistics to optimize total logistics costs.

Understand the environmental and sustainability considerations in logistics decision-making.

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Definitions:

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s which brought about significant changes in agriculture, manufacturing, mining, transportation, and technology, profoundly affecting social, economic, and cultural conditions.

Manufactured Goods

Products that have been produced from raw materials through various processes in factories, ranging from electronics to clothing.

Handwork

Manual or skilled labor involving the use of the hands and tools rather than machinery, often associated with crafts, artisanal production, and traditional techniques.

Machine Driven Industry

Industries that rely heavily on machinery and technology for production processes, marking a shift from manual to mechanized labor.