Match the Term with Its Definition

question 97

Multiple Choice

Match the term with its definition.
-Physical assets that will be used in the business for more than one year, such as equipment, buildings, and land

• A)accounts payable (trade credit)
• B)accounts receivable
• C)accumulated depreciation
• D)common stock
• E)current assets (working capital)
• F)current debt (short-term liabilities)
• G)current ratio
• H)fixed assets (property, plant, and equipment [PPE])
• I)gross fixed assets
• J)net fixed assets
• K)other assets

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Definitions:

Market Entry

The action or process of beginning to participate in a market as a new competitor, often involving overcoming barriers to entry.

Overdue Taxes

Taxes that have not been paid by the deadline, possibly incurring penalties and interest charges as a result.

Monopoly Power

The ability of a single entity or company to control or dominate an industry or sector, influencing prices and competition.

Entry Barriers

Barriers that hinder the ease with which new entrants can join a market or business sector.