Liabilities Equal Approximately ________ of Total Assets for Nonfinancial U

question 18

Multiple Choice

Liabilities equal approximately ________ of total assets for nonfinancial U.S. businesses.

• A) 10%
• B) 25%
• C) 45%
• D) 75%

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Definitions:

Apprenticeship

A system of training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study.

Contract

A binding legal arrangement agreed upon by two or more parties, enforceable through legal action.

Prestigious

Held in high esteem or regard; indicative of or conferring prestige or distinction.

Legal Age

The age at which an individual is recognized by law as being capable of assuming certain rights and responsibilities.