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Osmectes Corp

question 83

Multiple Choice

Osmectes Corp. has included a feature in its website that enables its employees to receive help from other employees. This support system allows employees to provide information and guidance to others. Employees can seek help regarding any work-related issue through this system. In this scenario, Osmectes Corp. is using _____.

Definitions:

Accounting Equation

A fundamental principle in accounting that states assets equal liabilities plus owner's equity.

Equipment

Physical assets used in the operation of a business, such as machinery, computers, and furniture.

Cash

Represents money or its equivalents (such as checks) that a company possesses and can use for transactions.

Withdrawals

Money or assets taken from a business by its owner(s) for personal use, typically reducing the total equity.