Working Capital May Be Used to Pay For

question 104

Multiple Choice

Working capital may be used to pay for:

• A) what a firm owes suppliers.
• B) what it costs to store inventory.
• C) employee salaries.
• D) marketing research.
• E) All of these.

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Definitions:

Horizontal Axis

In a graph or chart, it is the x-axis, representing the independent variable.

Equilibrium Quantity

Equilibrium quantity is the quantity of goods or services that is supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.

Cross Elasticity

A measure of the responsiveness of the demand for one good to a change in the price of another good.

Soft Drinks

Carbonated, non-alcoholic beverage options often flavored with various sweeteners, fruits, or other flavorings.