Chapter 25 Flashcards
1
Q
In what period of time does the short-term needs consist in?
A
Less than a year.
2
Q
In what period of time does the medium-term needs consist in?
A
Between one and five years.
3
Q
In what period of time does the long-term needs consist in?
A
More than five years.
4
Q
Give three examples of short-term needs.
A
Wages
Transport
Insurance
5
Q
Give three examples of medium-term needs.
A
Vehicles
Computers and ICT equipment
Fixtures and fittings
6
Q
Give three examples of long term needs
A
Land
Machinery
Expansion
