All of the Following Are Basic Rights Within a Private

question 71

Multiple Choice

All of the following are basic rights within a private enterprise system EXCEPT _____.

• A)right to private property
• B)right to profits before tax deduction
• C)freedom of choice of investment
• D)freedom of choice of employment

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Definitions:

Expenses

Money spent or cost incurred in an organization's operations to generate revenue.

Income

Income generated regularly from employment or investment returns.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the owner's claim on the business.

Statement of Cash Flows

A financial report detailing the cash inflows and outflows for a business over a specific period.