Assets That Are Expected to Be Converted to Cash,sold,or Used

question 122

Multiple Choice

Assets that are expected to be converted to cash,sold,or used up during the next 12 months,or within the business's normal operating cycle if the cycle is longer than a year,are called ________ assets.

• A) intangible
• B) plant
• C) long-term
• D) current

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Definitions:

Balanced Scorecard Approach

A strategy performance management tool that incorporates financial and non-financial performance indicators to provide a more comprehensive view of an organization's health.

Capacity Utilization Perspective

An assessment of how effectively an entity uses its potential output capacity, measuring the extent to which it's achieving maximum efficiency.

Labor Price Variance

The difference between the actual cost of labor and the budgeted or standard cost of labor.

Factory Labor

The workforce engaged in the manufacture of goods, particularly those who are directly involved in producing products in a factory setting.