To Test Resource Sufficiency, a Firm Should List the ________

question 38

Multiple Choice

To test resource sufficiency, a firm should list the ________ most critical non-financial resources that it will need to move its business idea forward and determine if those resources are available.

• A) 1 to 2
• B) 3 to 5
• C) 6 to 12
• D) 10 to 16
• E) 15 to 25

---

Definitions:

Journal

The initial record in which the effects of a transaction are recorded.

Company's Records

Official documents and files that include a business's operational, financial, and transactional data.

Canceled Check

A check that has been paid or cleared by the bank it was drawn on and thus is marked as "canceled," making it no longer negotiable.

Journal

A record where all financial transactions are initially entered, which may later be posted to a ledger.