Permanent Current Assets Reflect the Fact That Current Assets Do

question 74

True/False

Permanent current assets reflect the fact that current assets do not shrink to zero even when business is at a seasonal or cyclical low.Thus,permanent current assets represent a minimum level of current assets the firm must finance.

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Definitions:

Symptoms

Signs or indications of a disease, disorder, or other physical or mental conditions.

Sympathetic

Pertains to the part of the autonomic nervous system that controls the body's responses to stress and activates the flight-or-fight response.

Parasympathetic

Part of the autonomic nervous system responsible for conserving energy and controlling bodily functions during restful states.

Peripheral Nervous System

The components of the nervous system, including nerves and ganglia, that exist outside the brain and spinal cord.