Which of the Following Are Current Assets

question 80

Multiple Choice

Which of the following are current assets?

• A) Accounts payable
• B) Bank overdraft facility
• C) Commercial paper
• D) Inventories

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Definitions:

Price Elasticity

A measure of the sensitivity of the quantity demanded or supplied of a good to a change in its price.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of consumers to price changes.

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity demanded for it at those prices, typically downward sloping.