Which of the Following Would Be Classified as a Long-Term

question 56

Multiple Choice

Which of the following would be classified as a long-term operational asset?

• A)Notes receivable
• B)Trademark
• C)Inventory
• D)Accounts receivable

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Definitions:

Alliance For Progress

A U.S. policy initiative aimed at strengthening economic cooperation between North and South America, launched in the early 1960s.

Latin America

A region consisting of countries in Central and South America and the Caribbean where Romance languages primarily Spanish and Portuguese, are spoken.

Loving V. Virginia

A landmark 1967 U.S. Supreme Court case that invalidated state laws prohibiting interracial marriage, marking a significant moment in the civil rights movement.

Interracial Marriage

A marriage between spouses who belong to different races, an increasingly accepted and common occurrence that has historically been subject to legal and social restrictions.