Assuming That the Current Ratio Was 1

question 41

Multiple Choice

Assuming that the current ratio was 1.6 times and the quick ratio was 1.4 times before this transaction,the entry to record the payment of a previously declared and recorded cash dividend will

• A)increase the current ratio and the quick ratio.
• B)decrease the current ratio and the quick ratio.
• C)increase the current ratio but have no effect on the quick ratio.
• D)have no effect on the current ratio or the quick ratio.

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Definitions:

Scientific Management

Is a theory of management that analyzes and synthesizes workflows, with the objective of improving economic efficiency, especially labor productivity.

Self-Management

The ability of an individual to manage their own actions, feelings, and thoughts, often in pursuit of personal goals.

Hackman

Refers to J. Richard Hackman, a renowned researcher in organizational behavior, known for his work on team dynamics, leadership, and group effectiveness.

Autonomous

The ability to operate independently, make decisions, and act without the need for external control or reinforcement.