1. A current liability is one that is

		must be paid immediately
		must be paid within one year
		has been paid and is current
		none of these

2. Working Capital is defined as:

		a. cash on hand
		b. cash in a savings account
		c. current assets - current liabilities
		d. current assets/current liabilities

3. An Accounts Payable is

		Amount owed to employees
		Amount owed to banks and creditors
		Amount owed to vendors
		None of these