Which One of the Following Is Defined as a Firm's

question 48

Multiple Choice

Which one of the following is defined as a firm's short-term assets and its short-term liabilities?

• A)working capital
• B)debt
• C)investment capital
• D)net capital
• E)capital structure

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Definitions:

Rousseau

Jean-Jacques Rousseau, an 18th-century philosopher known for his influence on the Enlightenment in France and across Europe.

State of Nature

A philosophical concept describing the hypothetical condition of humanity before the establishment of society and laws.

Legitimate Political Power

Authority or power in political systems that is recognized as right and proper, often established through laws, social norms, or consensus.

Might Makes Right

The idea that, when determining who has legitimate power to govern a society, those who are the strongest or otherwise superior should (or inevitably will) rule. In effect, this is to claim that the person who is strong enough to hold on to ruling authority has legitimate power merely by virtue of being strong enough to retain power.