Which of the Following Is an Example of a Financial

question 80

Multiple Choice

Which of the following is an example of a financial asset?

• A) Inventory
• B) accounts receivable
• C) Capital assets
• D) Prepaid expenses

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Definitions:

Creditors

Parties or institutions to whom money is owed.

External Forces

Factors outside the control of an organization that can impact its performance, including economic trends, regulation, or technological changes.

Long-term Strategies

Approaches or plans developed to achieve goals and objectives over an extended period, focusing on sustainable growth and development.

Cash Budgets

Detailed plans that estimate future cash receipts and disbursements, helping organizations manage their cash flow.