-Refer to the Diagram.Arrows (1)and (2)represent

question 18

Multiple Choice

-Refer to the diagram.Arrows (1) and (2) represent:

• A) goods and resources respectively.
• B) money incomes and output respectively.
• C) output and money incomes respectively.
• D) resources and goods respectively.

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle.

Discounted Note

A type of debt instrument that is sold or redeemed for less than its face value but whose actual value matures to the full face amount at a later date.

Face Value

The nominal or original value stated on a financial instrument, such as a bond or stock certificate.

Gross Pay

The total amount of money earned by an employee before any deductions or taxes are taken out.