3.7 - Working Capital - Quiz 3

Quiz
•
Business
•
9th - 12th Grade
•
Medium
Jonathan Lorence
Used 364+ times
FREE Resource
17 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT true of working capital?
It is the amount of capital the firm has available to pay for its operations
The amount of money a firm has to spend in the short term
It is a measure of the firm's liquidity
It is the sum total of a firm's fixed assets
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the correct formula for working capital?
current liabilities - fixed assets
current assets - current liabilities
costs - revenue
current liabilities - revenue
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does this represent?
Working Capital Cycle
Business Activity
Profit and Loss
Finance Processes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The _________________ the amount of time between buying materials (inputs) to receiving payments from the customer the higher the risk to a firm.
Longer
Shorter
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sufficient working capital is needed to prevent a business from becoming insolvent.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anyone who has bought from a business without payment (buying on credit) is known as a _____________.
Debtor
Creditor
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"Current liabilities" are debts that have to be paid ________
in the next 12 months
in the next 5 years or more
in order to buy a current asset
to buy more working capital
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