Debts Owed by a Business Are Called

question 75

Multiple Choice

Debts owed by a business are called

• A) revenues.
• B) liabilities.
• C) equities.
• D) assets.

---

Definitions:

Side Effects

Secondary, often unintended consequences of a process, action, or medication, which can be either beneficial or harmful.

Whistle-blowing

The act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization that is either private or public.

Unethical Practices

Actions that do not conform to accepted moral standards, often undermining trust and integrity in a business setting.

Superiors

Individuals who hold a higher rank or position and have authority over others within an organizational hierarchy.