Which of the Following Is an Indication of an Active

question 30

Multiple Choice

Which of the following is an indication of an active market?

• A) there are few recent transactions;
• B) price quotations vary substantially over time;
• C) price quotations vary substantially among market-makers;
• D) price quotations are based on current market information.

Recognize the purpose and handling of petty cash accounts.

Appreciate the role of internal controls in ensuring the success and security of a business.

Calculate and analyze the days' sales uncollected to evaluate company efficiency in receivables management.

Understand and apply the concept of recording transactions using both the gross and net methods.

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Definitions:

Production Process

A sequence of actions, methods, or operations involved in the manufacturing or creation of goods and services.

Conscientious

Describes a person who is diligent, careful, and thorough in their duties or tasks.

Aimless

Lacking a goal, direction, or purpose.

Organic Product

A substance that results from organic chemistry reactions, typically containing carbon atoms.