Which of the following statements is correct? All the answers are correct. The short-term assets are also known as non-productive assets can be tangible assets, such as equipment, machinery, or a manufacturing facility, or intangible assets, such as patents, trademarks, technical expertise, or other types of intellectual capital. One of the advantages of the sole proprietorship is related to the fact that the amount of equity capital that can be raised to finance the business is unlimited The risk manager monitors and manages the firm's risk exposure in financial and commodity markets and the firm's relationships with insurance providers. The financial manager is responsible for making decisions that are in the best interests of the firm's bondholders and other creditors. Question 3 1 pts (TRUE or FALSE?) A firm is profitable when it fails to generate sufficient cash inflows to pay operating expenses, creditors, and taxes. True False