Current Assets Include [Blank]

question 78

Multiple Choice

Current assets include [blank].

• A)all assets that have not been fully depreciated
• B)accounts payable, accounts receivable and short-term notes
• C)cash, accounts receivable and leased equipment
• D)cash, accounts receivable and inventory

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Definitions:

Marginal Productivity

The increase in output that results from a one-unit increase in an input, holding all other inputs constant.

Labor Unions

Organizations formed by workers to protect their rights and interests through collective bargaining with employers regarding wages, work hours, and working conditions.

Efficiency Wages

Wages that an employer sets above the market equilibrium level to increase worker productivity and loyalty.

Above-Equilibrium

A situation where the price of a good or service is higher than the equilibrium price, leading to a surplus.