If Equity Is $30,000 and Liabilities Are $73,000, Then Assets

question 210

Multiple Choice

If equity is $30,000 and liabilities are $73,000, then assets equal

• A) $30,000
• B) $40,000
• C) $60,000
• D) $73,000
• E) $103,000

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Definitions:

Resource Utilisation

The effective and efficient use of resources, such as time, money, and materials, to achieve defined objectives.

Goal Attainment

The process of setting, pursuing, and achieving objectives, often involving planning, effort, and persistence.

Organisational Performance

A measure of how efficiently and effectively an organization meets its objectives.

Open System

An open system is one that interacts with its environment, exchanging information, resources, and materials to sustain its operations and adapt to environmental changes.