Which of the Following Typically Would Not Be Done to Satisfy

question 154

Multiple Choice

Which of the following typically would not be done to satisfy a current liability?

• A)Use long-term assets to satisfy the liability
• B)Render a service to satisfy the liability
• C)Use current assets to satisfy the liability
• D)Take on another current liability to satisfy the liability

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Definitions:

Function

The specific purpose or role that an entity or a process serves within a larger system or organization.

Cost

The amount of money required to purchase something or the expense associated with creating or maintaining a service or product.

Supply Metrics

Measures and data used to assess the efficiency and effectiveness of a supply chain, including lead time, inventory levels, and order accuracy.

Efficiency

The ratio of useful output to total input, used to measure the effectiveness of a system, process, or machine in utilizing resources.