i. N et working capital means

a. C urrent assets—current liabilities

b. Fixed assets—fixed liabilities

c. C urrent assets—non-tangible assets ii. A n aggressive approach to current asset financing leads to

a. Greater profitability

b. Lower profitability

c. N o impact on profitability iii. T he longer the operating cycle—

a. T he larger the size of current assets

b. T he smaller the size of current assets

c. T he size of current assets remain unchanged iv. M ortgage involves

a. M oveables as collateral

b. I mmovables as collateral

c. N o collateral v. C ommercial paper is issued by

a. A ny company

b. O nly blue-chip companies

c. O nly government companies vi. R etained earning is liability. (True or False)
v ii. Goodwill is tangible asset. (True or False)
v iii. Factoring and forfaiting are sources of long-term finance. (True or False)
ix. T -account is also called ledger. (True or False)
x. O utstanding is part of current liability. (True or False)