Which of the Following Statements Is CORRECT

question 27

Multiple Choice

Which of the following statements is CORRECT?

• A)If a firm has high current and quick ratios, this always indicate that the firm is managing its liquidity position well.
• B)If a firm sold some inventory for cash and left the funds in its bank account, its current ratio would probably not change much, but its quick ratio would decline.
• C)If a firm sold some inventory on credit, its current ratio would probably not change much, but its quick ratio would decline.
• D)If a firm sold some inventory on credit as opposed to cash, there is no reason to think that either its current or quick ratio would change.
• E)The inventory turnover ratio and days sales outstanding (DSO) are two ratios that are used to assess how effectively a firm is managing its current assets.

Distinguish between different types of logical fallacies and reasoning in persuasive texts.

Appreciate the significance of avoiding logical fallacies for maintaining the credibility of arguments.

Understand key features of self-actualized personalities according to Abraham Maslow.

Grasp the distinction between various personality theories (e.g., humanistic, psychodynamic).

---

Definitions:

Enthusiasm

A strong excitement or eagerness for something.

Parentheses

Curved symbols used in writing to enclose additional information or clarify something without interrupting the main text.

Math

The study of numbers, shapes, and patterns, involving calculations and problem-solving.

Stay Up Late

The act of remaining awake past the usual or intended hour, often leading to reduced rest.