Paul Commenced Business with $100 Cash

question 2

Multiple Choice

Paul commenced business with $100 cash. He purchased goods for $50 that were later sold for $150. The balance sheet, after the sale, would show a total business wealth of:

• A) $150
• B) $100
• C) $50
• D) $200

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Definitions:

Favor

An act of kindness beyond what is due or usual.

Group Polarization

The inclination of a group to reach decisions that are more radical than the individual preferences of its members initially.

Communication

The process of transmitting information, ideas, emotions, skills, and knowledge from one entity or person to another through various means.

Group Polarization

The habit of groups to make choices that exceed the initial leanings of its members in terms of extremeness.