Which of the Following Is an Example of an Owner's

question 62

Multiple Choice

Which of the following is an example of an owner's equity?

• A) A customer pays $3000 for a piece of equipment.
• B) An owner pays $7000 for supplies and equipment.
• C) An individual starts a new business and puts up $5000 of their own money to get started.
• D) The owner is sued and $2000 is paid for retaining an attorney.

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Definitions:

Individualism

A perspective in social sciences that favors the autonomy of the individual over regulation by group norms or state laws.

Personal Privacy

The right of an individual to keep their personal information out of public view and to have control over their own personal data and the way it's used.

Narcissism

A personality trait characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, and a lack of empathy for others.

Individualism

A cultural and social philosophy that emphasizes the moral worth of the individual over collective entities, advocating for personal independence and self-expression.