Question: 4. Net working capital is best defined as: a. Excess cash on hand. b. A firm's current assets. c. Current assets minus current liabilities. d.

4. Net working capital is best defined as: a. Excess cash

4. Net working capital is best defined as: a. Excess cash on hand. b. A firm's current assets. c. Current assets minus current liabilities. d. Total assets minus total liabilities e. Cash and near-cash assets. 5. Which type of business organization has all the respective rights and privileges of a legal person? a. Sole proprietorship. b. Corporation. c. General partnership. d. Limited partnership. e. Limited liability company

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