Match the Term with Its Definition

question 62

Multiple Choice

Match the term with its definition.
-A measure of the rate of return that owners receive on their equity investment, calculated by dividing net profits by owners' equity

• A)accrual-basis accounting
• B)cash
• C)cash-basis accounting
• D)depreciable assets
• E)depreciation expense
• F)financial statements
• G)inventory
• H)liquidity
• I)operating profit margin
• J)return on assets
• K)return on equity

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Definitions:

Private Sector

The part of the economy that is owned and operated by individuals and companies for profit, as opposed to being owned by the government.

External Benefit

A positive effect or advantage that extends beyond the direct participants of an economic transaction to affect others who are not involved in the transaction.

First-Chair Violinist

The lead violinist in a symphony orchestra, often responsible for playing solos and leading the violin section.

Symphony Orchestra

A large ensemble of musicians, typically including strings, woodwinds, brass, and percussion, performing classical and other types of music.