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question 130

Multiple Choice

Solve.
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Recognize common long-term liabilities.

Identify different types of expenses (fixed, variable, discretionary).

Understand the basic components and formats of a résumé.

Recognize the various types and purposes of interviews in a job search.

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Definitions:

Net Income

Net income is the total profit remaining after all expenses, taxes, and costs have been subtracted from total revenues.

Equity

The value of an owner's interest in a property or business, calculated as the difference between the assets and liabilities.

Cash Flow on Total Assets

A measure of the efficiency with which a company generates cash from its assets, calculated as cash flow from operations divided by total assets.

Ability to Meet Obligations

A financial assessment of whether a company or individual has the resources necessary to pay off their debts as they come due.