Match These Descriptions with the Appropriate Concept

question 172

Multiple Choice

Match these descriptions with the appropriate concept.
-The philosophical position that emphasizes the importance of genes and inborn characteristics in determining an individual's characteristics.

• A)natural selection
• B)evolution
• C)empiricism
• D)heritability
• E)nativism

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Definitions:

Ending Retained Earnings

The amount of net income left over for the business after it has paid out dividends to its shareholders, captured at the close of an accounting period.

Revenues

The total income generated by a business from its normal business operations, including sales of goods and services, before any expenses are deducted.

Expenses

Outflows or using up of assets as a part of operations of a business to generate revenue.

Equity

The ownership interest held by shareholders in a corporation, represented by the residual assets minus liabilities.