Freedom of Enterprise Is Defined As

question 104

Multiple Choice

Freedom of enterprise is defined as:

• A)the freedom of firms to obtain and use resources to produce goods and services.
• B)employ and dispose of their property as they see fit.
• C)buy property.
• D)set up any form of business.entity.

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Definitions:

Net Working Capital

The gap between what a business owns in short-term assets versus what it owes in short-term liabilities.

Net Fixed Assets

The value of a company’s property, plant, and equipment (PP&E) minus its accumulated depreciation, indicating the net book value of its fixed assets.

Total Assets

The sum of all assets owned by a company, including cash, inventories, property, and equipment.

Total Asset Turnover

An economic indicator that assesses how well a business uses its assets to generate sales.