3.1 - Intro to Finance - 2023

A current asset is any item of monetary value that has a ​ (a)   term function, while a non-current asset is any item of monetary value that has a ​ (b)   term function.

• long
• short

Name given to anything of monetary value to a business.

A ​​​ (a)   expenditure refers to the purchase of items intended to be used in a short period of time​.

• revenue
• capital

Any source of capital that a businesses uses to start, maintain itself, or grow.

• Finance

• Financing

• Asset

• Collateral

The process of recording, classifying, summarizing, and interpreting financial events.

• Financing

• Accounting

• Business

• None of the choices are correct

The process of choosing or obtaining the most appropriate form of capital to meet the needs of the firm.

• Collateral

• Accounting

• Financing

• Non of the answers are correct