BTEC Enterprise Component 3

Which of the following is the term for long term assets such as vehicles & buildings?

• Fixed assets

• Current Assets

• Current Liabilities

• Long term Liabilities

Which of the following is the term for short term debts that a business owes such as an overdraft?

• Fixed Assets

• Current Assets

• Current Liabilities

• Long term Liabilities

Which of the following categories would highlight the inventories that a business owns?

• Fixed Assets

• Current Assets

• Current Liabilities

• Long term liabilities

Which of the following categories would highlight bank loans that a business owes?

• Fixed Assets

• Current Assets

• Current Liabilities

• Long term liabilities

Net current assets is calculated by

• Current liabilities – current assets

• Current assets / Current liabilities

• Current liabilities / current assets

• Current assets – current liabilities

This term refers to the money invested in a business

• Fixed assets

• Current assets

• Current liabilities

• Long term liabilities

• Capital

Which term refers to the ease with which you can repay short term debts?

• Cash

• Cash Balance

• Liquidity

• Assets

When a business finds repaying short term debts difficult they have

• Cash

• A Cash balance

• Good Liquidity

• Poor Liquidity

What is the value of total assets?

• £4,000

• £20,000

• £10,000

• £18,000

What is the value of net current assets?

• £6,000

• £2,000

• £10,000

• £18,000