Ch 32: WEST Business & Marketing Education: Asset Management

About This Chapter

Use this interactive study guide to get ready for the WEST Business & Marketing Education exam. The lessons and practice quizzes in this chapter will help you study for questions on asset management on the WEST exam.

WEST Business & Marketing Education: Asset Management - Chapter Summary

This chapter focuses on the essential information related to asset management that you'll need to know for the WEST Business & Marketing education exam. Using short video lessons, our instructors will help you review the main features of different types of asset as well as formulas and calculations for these assets. Upon completion of the chapter, you will have learned about the following:

  • Definition of assets
  • Business, fixed, total, current and non-current assets
  • Calculating asset turnover ratio
  • Formula for the Capital Asset Pricing Model

Each video lesson comes with a full transcript that you can use to follow along with the lesson. Test yourself with practice quizzes and a chapter exam, and use the printable worksheet as a study tool or handy reference sheet.

WEST Business & Marketing Education: Asset Management Chapter Objectives

The resources in this study guide will help you prepare for questions about the types and characteristics of assets found in the accounting portion of the WEST Business & Marketing Education exam. Accounting questions make up about 17% of the exam, which has a total of 110 multiple-choice questions. The exam will take two hours and thirty minutes to complete, and is part of the certification process for business and marketing educators in the state of Washington.

8 Lessons in Chapter 32: WEST Business & Marketing Education: Asset Management
Test your knowledge with a 30-question chapter practice test
What Are Assets? - Definition & Examples

1. What Are Assets? - Definition & Examples

In this lesson, you will learn about assets, the first variable of the basic accounting equation. We will discuss the definition, categories, and classifications of assets.

Business Assets: Definition & Examples

2. Business Assets: Definition & Examples

Learn what business assets are, and find out some of the most common assets that companies have on their balance sheets in this lesson. Also, learn about some of the different ways that these assets are categorized.

What Are Fixed Assets? - Definition & Examples

3. What Are Fixed Assets? - Definition & Examples

A company may own different kinds of resources, among which are fixed assets. This lesson explains what fixed assets are, provides examples, and notes the importance of a business' industry in determining fixed assets.

Total Assets: Definition & Explanation

4. Total Assets: Definition & Explanation

Assets come in many different categories and classifications. In this lesson, we will take a look at total assets. You will learn not only what total assets are but also where a company must report them.

What Are Current Assets? - Definition, Examples & Calculation

5. What Are Current Assets? - Definition, Examples & Calculation

In this lesson, you will learn the meaning of the term current asset. You will also learn what items fall into the category of current assets and how they fit on a balance sheet.

Non-Current Assets: Definition & Examples

6. Non-Current Assets: Definition & Examples

The accounting industry is centered on a basic equation: Assets = Liabilities + Owner's Equity. To fully understand this, you must first understand each component of the equation. In this lesson, we will discuss one category that falls under the classification of an asset: non-current assets.

How to Calculate Asset Turnover Ratio: Formula & Example

7. How to Calculate Asset Turnover Ratio: Formula & Example

The asset turnover ratio is one of the items that companies and potential stockholders look at in order to figure out how well a company's money is working for it. In this lesson, we will learn how to calculate a company's asset turnover ratio.

Capital Asset Pricing Model (CAPM): Definition, Formula, Advantages & Example

8. Capital Asset Pricing Model (CAPM): Definition, Formula, Advantages & Example

Learn about the Capital Asset Pricing Model (CAPM), one of the foundational models in finance. We'll look at the underlying assumptions, how the model is calculated, and what it can do for you.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Other Chapters

Other chapters within the WEST Business & Marketing Education (038): Practice & Study Guide course

Support