Question
What type of current/liquid assets will enable Yolanda Williams's business to generate sales within 12 months? (2)
A.
Stock
B.
Furniture
C.
Financial management
D.
Debt collection
A.
Stock
B.
Furniture
C.
Financial management
D.
Debt collection
Answers
GPT-4o mini
To determine which type of current/liquid assets will enable Yolanda Williams's business to generate sales within 12 months, we should focus on options that directly relate to products or services that can be sold.
**A. Stock**: This refers to inventory or goods that are available for sale. Having stock on hand allows a business to meet customer demand and generate sales directly within a short time frame.
**B. Furniture**: While furniture is a tangible asset, it is not considered a current or liquid asset that will directly generate sales within 12 months.
**C. Financial management**: This is a process or skill rather than an asset; it involves how a business handling its financial resources and decision-making.
**D. Debt collection**: This refers to the process of pursuing payments owed; while important for cash flow, it is not a liquid asset itself and doesn’t directly generate new sales.
Based on this analysis, the answer is:
**A. Stock**
**A. Stock**: This refers to inventory or goods that are available for sale. Having stock on hand allows a business to meet customer demand and generate sales directly within a short time frame.
**B. Furniture**: While furniture is a tangible asset, it is not considered a current or liquid asset that will directly generate sales within 12 months.
**C. Financial management**: This is a process or skill rather than an asset; it involves how a business handling its financial resources and decision-making.
**D. Debt collection**: This refers to the process of pursuing payments owed; while important for cash flow, it is not a liquid asset itself and doesn’t directly generate new sales.
Based on this analysis, the answer is:
**A. Stock**