Which of the Following Is the Least Liquid Current Asset

question 16

Multiple Choice

Which of the following is the least liquid current asset?

• A)Accruals
• B)Marketable securities
• C)Accounts receivable
• D)Inventory

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Definitions:

Individual Transferable Quota (ITQ)

A regulatory tool used in fisheries management that limits the total catch and allocates specific quotas to individuals which can be traded.

Fishery Collapse

A dramatic decline in fish populations in a given area, often due to overfishing, pollution, or habitat destruction, leading to a loss of the fishery as a viable resource.

Harvesting Rates

describe the speed or volume at which natural resources are gathered or extracted, impacting sustainability and future availability.

Total Allowable Catch (TAC)

The overall limit set by a government or a fisheries commission on the total number of fish or tonnage of fish that fishers collectively can harvest during some particular time period. Used to set the fishing limits for individual transferable quotas (ITQs).