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What is capital in a business?. Only the money in a bank account. Accumulated assets and ownershlp used In a business. Only the company's debts. Only the company's profits.

Why is capital important to a business? A) b) c) d). It eliminates all taxes. it allows businesses to create products and services and supports future growth. It replaces employees. It prevents businesses from having expenses.

Which of the following is one meaning of capital? a) b) c) d). The amount of cash and other assets owned by a business. Only money borrowed from a bank. Only the company's inventory. Only the owner's salary.

What does the accumulated wealth or net worth of a business represent? a) b) c) d). Owner's equity minus liabilities. Assets plus liabilities. Income minus expenses only. Cash plus inventory only.

Which of the following Is an axamploof capital? a) b) c) d). A business vehicle. A customor's birthday. An employee's vacation. A company's advertisement only.

Which type of asset is normally used up or paid within one year? * * * *. Long-term asset. Short-term asset. Equity capital. Debt capital.

Which of the following is a short-term asset? * *. Land. vehicle. Building. cash.

Which of the following is NOT a short-term asset? * * c) D). Inventory. Accounts receivable. Supplies. Equipment and machinery.

Which of the following is a long-term asset? * * c) D). Cash. Inventory. Equipment and machinery. Prepaid insurance.

Long-term assets are also known as: * * * *. Working expenses. Capital assets. Current labilities. short-term debts.