Which of the Following Would Be Classified as a Long-Term

question 56

Multiple Choice

Which of the following would be classified as a long-term operational asset?

• A)Notes receivable
• B)Trademark
• C)Inventory
• D)Accounts receivable

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Definitions:

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services in an economy.

Emerging Market

Refers to economies that are in the process of rapid growth and industrialization, offering potential for high returns on investment.

Global Business School Network

A worldwide network aimed at improving business education through international collaboration, knowledge sharing, and capacity building.

Non-profit Organization

An entity that operates for the purpose of benefiting society, not for profit maximization. It often enjoys tax-exempt status.