The term ____ refers to the assets and liabilities required to operate a business on a day-to-day basis.
A)capital management
B)working capital
C)operating capital
D)operating management

Question

Quizplus · Accepted Answer

Working capital refers to the assets and liabilities required to operate a business on a day-to-day basis, such as cash, inventory, accounts receivable and payable, and short-term debt. Capital management, operating capital, and operating management may be related to business operations, but do not specifically refer to the assets and liabilities associated with day-to-day operations.

The Term ____ Refers to the Assets and Liabilities Required