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AO.1 Assessment structure and assessment objectives key terms
Study AO.1 Assessment structure and assessment objectives with curriculum-aligned Key Terms resources, practice links, and exam-focused support.
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key terms
Resource type
Topic
AO.1 Assessment structure and assessment objectives
Key terms
Assets
Resources owned by a business that have economic value.
Liabilities
Obligations or debts that a business owes to external parties.
Liquidity
The ability of a company to meet its short-term financial obligations.
Profitability
A measure of a company's ability to generate income relative to its revenue, assets, or equity.
Assets
Resources owned by a business that have economic value.
Liabilities
Obligations or debts that a business owes to external parties.
Assets
Resources owned by a business that have economic value and can provide future benefits.
Liabilities
Obligations or debts that a business owes to external parties.
Net Profit
The amount remaining after all expenses have been deducted from total revenue.
Depreciation
The allocation of the cost of a tangible asset over its useful life.
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