Question 57

Choose the correct term to best fits the definitions to follow: (1) assets; (2) collateral; (3) debt capital; (4) depreciation; (5) equity capital; (6) liabilities; (7) operating expenses; (8) owners equity; (9) shoplifting; (10) startup costs; (11) venture capitalists; (12) workers compensation. [10 Marks] (a) Expenses that are incurred by a business every month. (b) Money invested in a business in return for a share of its profits. (c) The lowering of the value of an asset to reflect its current value. (d) Items of value owned by a business. (e) One-time-only expenses that are paid to establish a business. (f) The act of knowingly taking items from a business without paying. (g) Property that the borrower forfeits if he or she defaults on the loan. (h) Individuals or companies that make a living by investing in startup companies. (i) Items, such as loans, that a business owes to others. (j) Money loaned to a business with the understanding that the money will be repaid, with interest, in a certain time period.