Which Statement Is Correct

question 35

Multiple Choice

Which statement is correct?

• A) Long-term liabilities should be used to finance long-term assets.
• B) Short-term assets should be financed by long-term liabilities.
• C) Short-term liabilities should be used to finance long-term assets.
• D) None of the above

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Definitions:

Process Innovation

Introduction of a new or significantly improved production or delivery method, enhancing efficiency or quality.

Legal Protection

Measures and regulations established by law to safeguard individuals, businesses, and their intellectual properties against infringement and harm.

Original Innovators

Original Innovators are individuals or organizations that first develop a new product, process, or technology, paving the way for future developments and innovations.

Exclusive Right

A legal provision granting someone the sole authority to sell, produce, or use a particular product or service.