15.Seeking higher efficiency comes in the --------stage of entrepreneurial/managing of a project.

a. First

b. Second

16.) Short-term assets are called ------ assets, and long-term assets are called ----- assets.

-Fixed

-Temporary

-Current

-Permanent

17.) The balance sheet reports owners equity on a specific date.

True or False

18.) The -------are listed in the balance sheet according to the time they take to be converted into cash.

-Equities

-Net worths

-Assets

-Liabilities

19.) Cash flow to stockholders is calculated as ---------

-Profits

-Interests

-Dividends

-Capital gains

20.) EBIT is ------------------------------------------