A(n)________ of a Business Is Anything Owed to Creditors-That Is,the

question 63

Multiple Choice

A(n) ________ of a business is anything owed to creditors-that is,the claims of a company's creditors.

• A)owners' equity
• B)asset
• C)liability
• D)accumulated profits not paid in dividends

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Definitions:

Organizations as Communities

The concept that organizations are social entities that reflect the collective behaviors and values of their members.

Harmony

A state of agreement or concord, often characterized by a peaceful and cooperative relationship among individuals or groups.

Bureaucracy

A system of administration characterized by strict policies, procedures, and hierarchy, often within a government or large organization.

Technical Competence

The skill and knowledge required to proficiently perform specific tasks, often related to a particular field of work or study.