Examlex
Mei Lin learned at a young age that developing good study habits,such as doing her homework,brought about good grades and made her want to work harder in school.This kind of encouraging outcome of an action is called __________.
Liability
Legal obligations or debts that a business or individual is responsible for.
Liability
Liability refers to a company's legal financial debts or obligations that arise during the course of business operations.
Asset
An item of value owned by a person or company, regarded as having economic value and available to meet debts, commitments, or legacies.
Owner's Equity
The residual interest in the assets of the entity after deducting liabilities, representing the ownership's claim on the company assets.
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