1. Seeking higher efficiency comes in the --------stage of entrepreneurial/managing of a project.
a. First
b. Second
2. Short-term assets are called ------ assets, and long-term assets are called ----- assets.
-Fixed
-Temporary
-Current
-Permanent
3. The balance sheet reports owner’s equity on a specific date.
True or False
4. The -------are listed in the balance sheet according to the time they take to be converted into cash.
-Equities
-Net worths
-Assets
-Liabilities
5. Cash flow to stockholders is calculated as ---------
-Profits
-Interests
-Dividends
-Capital gains