Management of current liabilities arises, in part, because of a concern over

A) profitability
B) liquidity
C) relevance
D) reliability

The management of current liabilities arises from a concern about the liquidity of a company. Current liabilities are obligations that are due within one year and need to be paid using current assets. Therefore, managing current liabilities effectively ensures that a company has enough cash and other liquid assets to meet its short-term obligations. Failure to manage current liabilities may result in a shortage of cash, which could lead to insolvency or bankruptcy. Thus, liquidity is the main concern when managing current liabilities.