Which of the following terms describes fixed assets used for production?

The term "capital" refers to the resources that are used in the production process, particularly fixed assets such as machinery, buildings, and equipment. These assets are essential for manufacturing goods or providing services, as they are not intended for quick resale but instead provide ongoing value to the business over an extended period. Capital can be categorized further into different types, such as physical capital (the tangible assets) and financial capital, but in the context of fixed assets, it specifically relates to the physical resources that support production activities.

Short-term liabilities and current assets pertain to different aspects of a business's financial structure. Short-term liabilities indicate obligations that are due within a year, while current assets are assets that are expected to be converted into cash or used within a year. Investments typically refer to the acquisition of assets with the expectation of generating income or capital gain, but this term is broader and doesn’t specifically denote the fixed assets used for production.

Therefore, "capital" is the most accurate term to describe fixed assets used for production, as it encompasses the essential tools and facilities that enable a business to operate effectively in its production endeavors.