If a Firm Has a Current Ratio of 2, the Subsequent

question 41

True/False

If a firm has a current ratio of 2, the subsequent receipt of a 60-day note receivable on account will cause the ratio to decrease.

Recognize the significance of intellectual property security and its vulnerabilities to specific cyber crimes.

Understand risk management strategies in cyber security, including acceptance, avoidance, limitation, and transference.

Recognize the impact of cyber crime on companies and the economy.

Understand the socio-political dimensions of cyber attacks, including the role of cyber terrorism.

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Definitions:

Incidental Beneficiaries

Third parties who might benefit from a contract incidentally but have no enforceable rights in that contract.

Intended Third-Party Beneficiaries

Individuals or groups not directly involved in a contract who are nevertheless intended by the contracting parties to benefit from the contract's performance.

Creditor Beneficiaries

Individuals or entities that benefit from a contract made between two other parties, particularly in their capacity to receive a debt payment.

Donee Beneficiaries

Third-party beneficiaries for whom a contract is made to benefit as a gift, giving them the right to enforce the contract against the promisor.