From a Purely Economic Perspective,which of the Following Options Provides

question 78

Multiple Choice

From a purely economic perspective,which of the following options provides the most personal gain?

• A) You contribute more than your fair share.
• B) You contribute only as much as others do.
• C) You contribute nothing and other people give more than enough.
• D) You contribute less than others do.

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Definitions:

Liabilities

Economic obligations or debts that an entity is required to pay to another party.

Owner's Equity

The net assets belonging to shareholders or owners of an entity after liabilities are accounted for, denoting their ownership claim.

Net Income

The company's net income, which is the remainder after deducting all expenses, taxes, and costs from the gross revenue.

Drawings

The act of the business owner taking out money or assets from the enterprise for private use.