Match the Terms Below with the Correct Definitions

question 55

Multiple Choice

Match the terms below with the correct definitions.
-Long-lived assets

• A)Property and equipment
• B)Reversing entries
• C)Gross profit
• D)Current ratio
• E)Working capital
• F)Net income or net loss
• G)Net sales
• H)Income from operations
• I)Long-term liabilities
• J)Liquidity

---

Definitions:

Economical

Pertains to the efficient use or management of resources to avoid waste and reduce expenses.

Alternative Energy

Sources of energy that are considered environmentally friendly and sustainable, alternative to conventional fossil fuels, such as solar, wind, and hydroelectric power.

Elasticity of Demand

Investigating the degree to which demand for a good is affected by its price dynamics.

Energy Source

A point or substance from which energy can be obtained to provide heat, light, power, or other forms of energy.