​Match the Accounting Terminology with Its Definition and Example

question 11

Multiple Choice

​Match the accounting terminology with its definition and example.Note: Answers may be used more than once.
-​Building,equipment,cash

• A)accounts payable
• B)​assets
• C)​corporation
• D)​cost
• E)​economic entity assumption
• F)​liabilities
• G)​market value
• H)​monetary unit assumption
• I)​note payable
• J)​(paid-in)capital
• K)​partnership
• L)​proprietorship
• M)​retained earnings
• N)stockholders' equity

---

Definitions:

Inequality

A mathematical statement indicating that two expressions are not equal, usually shown with signs like <, >, ≤, or ≥.

Linear Optimization

The process of finding the best solution or maximizing/minimizing a linear objective function subject to linear equality or inequality constraints.

Objective Function

A mathematical function used in various optimization problems that describes the problem's objective, usually maximization or minimization.

Maximize Total Profit

The process of adjusting inputs and decision variables to achieve the highest possible monetary gain in a business operation or economic model.