A Resource That the Owner Takes from the Company Is

question 150

Multiple Choice

A resource that the owner takes from the company is called a(n) :

• A)Liability.
• B)Withdrawal.
• C)Expense.
• D)Contribution.
• E)Investment.

---

Definitions:

Password Protection

A security measure where access to a device or digital resource requires entering a secret word or phrase.

Sole Beneficiary

The only person or entity designated to receive the benefits or assets from a will, trust, insurance policy, or other legal instrument.

Conflict-of-Interest Rule

Regulations designed to prevent individuals in positions of responsibility from acting in their own interest over those they serve.

Client Confidentiality

The ethical principle that an organization or individual should not disclose information about their clients to third parties without the consent of the client or a clear legal requirement.