An Inducement to Take a Particular Action Is Called

question 171

Multiple Choice

An inducement to take a particular action is called

• A) the marginal benefit.
• B) the marginal cost.
• C) an incentive.
• D) opportunity cost.

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Definitions:

Par Value

Par Value is the nominal or face value of a stock or bond, as stated by the issuer, and has little relation to its market value.

Income Statement

The income statement is a financial report that summarizes the revenues, costs, and expenses incurred during a specific period of time, typically a fiscal quarter or year.

Total Liabilities

The aggregate of all debts and financial obligations a company owes to external parties.

Contra-Liability Account

An account that reduces the amount of a liability, often used to record discounts or allowances that decrease the total amount owed by a company.