which one of these is a correct definition? current liabilities are debts that must be repaid in 18 months or less. current assets are assets with short lives, such as inventory. long-term debt is defined as a residual claim on a firm's assets. tangible assets are fixed assets such as patents. net working capital equals current assets plus current liabilities.

Current liabilities are debts that must be repaid within a year.

Current assets are assets with short lives, but inventory is not considered a current asset at times, for example in the quick ratio, inventory is disregarded.

Long-term debts are those that can be paid after a year or more, and not whatever "residual claim" the question speaks of.

Tangible assets are assets which can be felt and have a physical form, but are not necessarily fixed assets.

Net working capital is current assets minus current liabilities.

'The only definiiton that seems correct is the current asset one, although they word it inappropriately.

there was no passage listed but using the process of elimination i'd say it was d. the high economy would do the opposite. i don't see how low prices would affect it. high unemployment is possible but i feel d is the better answer.

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.