You Should Consider Your _____ Before You Take on a Large

question 52

Multiple Choice

You should consider your _____ before you take on a large consumer loan.

• A)educational qualification
• B)history of auto ownership
• C)past employment
• D)financial plans
• E)career plans

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Definitions:

Assets

Resources owned by a business or individual that have economic value and can be converted into cash.

Capital

Financial resources or assets owned by an individual or business, used to fund operations, invest in business ventures, or acquire assets.

Liabilities

Monetary commitments or liabilities that a business is responsible for repaying to others in the future.

Revenue

The total income generated from normal business operations, including sales of goods and services before any expenses are deducted.