Economic Management Sciences- Assets

Question 1

Non-current

Answer 1

Long term

> 12 months

Question 2

Non-current split into

Answer 2

Fixed and financial

Question 3

Fixed

Answer 3

Tangible
Purchased by the business with the view of using them for more than a year.
Land and buildings, equipment, and vehicles.

Question 4

Financial

Answer 4

Money invested for a certain period at a fixed rate.

Fixed deposit

Question 5

Current

Answer 5

Short term