Match the Term with Its Definition

question 26

Multiple Choice

Match the term with its definition.
-A long-term loan to purchase a building or land

• A)balance sheet
• B)debt
• C)debt ratio
• D)dividends
• E)income statement (profit and loss statement)
• F)interest expense
• G)mortgage
• H)operating expenses
• I)owners' equity
• J)retained earnings
• K)total asset turnover

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Definitions:

Audit

A systematic examination and evaluation of an organization's or individual's accounts, operations, or performance to ensure accuracy, compliance, and efficiency.

NGOs

Non-Governmental Organizations; these are independent groups operating globally or locally to address social, political, or environmental issues.

Governmental Entities

Organizations or structures that are part of the government, including departments, agencies, and various other public administration bodies.

No Boston Olympics

was a grassroots campaign against Boston's bid to host the 2024 Summer Olympics, citing concerns over cost, environmental impact, and disruption.