Question: Fill in the blank: Buildings, equipment, and long-term investments are all examples of _____.
- current assets
- current liabilities
- fixed assets
- COGS
Explanation
Fixed assets are long-term tangible resources such as buildings, equipment, and long-term investments that a company uses to operate and generate revenue. They are not intended for immediate sale and are depreciated over time. RevOps principles use understanding of fixed assets to assess capital allocation, operational capacity, and investment efficiency. Proper management of fixed assets supports scalability and sustainable growth. Tracking these assets ensures accurate financial reporting and informed decision-making.
Why the other options are incorrect
A) Current assets are short-term resources like cash or inventory, not long-term assets.
B) Current liabilities are obligations due within a year, not assets.
D) COGS refers to costs of goods sold, not long-term resources.
Source for verification
Balance Sheet Basics
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