The Ability to Quickly Convert an Asset into Cash Is

question 100

Multiple Choice

The ability to quickly convert an asset into cash is

• A) disintermediation.
• B) the standard of deferred payment.
• C) financial intermediation.
• D) liquidity.

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Definitions:

Plan For The Future

A strategy or approach devised by an individual or organization to achieve long-term goals or to navigate toward a future position.

Direct Labor Budget

A detailed plan that shows the direct labor-hours required to fulfill the production budget.

Required Production

The quantity of goods or products a company needs to produce to meet its planned sales demand.

Production Budget

An estimate of the total units of production needed to meet anticipated sales demand and inventory requirements.