A Company with $50,000 in Current Assets, $25,000 in Quick

question 154

Multiple Choice

A company with $50,000 in current assets, $25,000 in quick assets, and $30,000 in current liabilities makes a payment of a $1,500 current debt. As a result of this transaction, the current ratio and quick ratio will

• A) both decrease.
• B) increase and decrease, respectively.
• C) both increase.
• D) remain the same and decrease, respectively.

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Definitions:

Matrix Organization

A flexible organizational structure where employees report to multiple managers, typically project manager and functional manager.

Gantt Charts

are visual representation tools used in project management to outline the schedule of tasks or activities against a timeline, highlighting dependencies and progress.

Project Activities

Various tasks or actions undertaken to achieve project objectives, including planning, execution, and monitoring.

Critical Path

The longest sequence of tasks in a project that must be completed on time for the whole project to be finished by its deadline, determining the shortest possible project duration.