Match the Terms with the Definitions

question 77

Multiple Choice

Match the terms with the definitions.

-The amount by which the business assets exceed the business liabilities.

• A) account
• B) accounts payable
• C) accounts receivable
• D) accounting equation
• E) assets
• F) balance sheet
• G) business entity
• H) business entity concept
• I) business transaction
• J) drawing
• K) expenses
• L) income statement
• M) liability
• N) net income
• O) net loss
• P) notes payable
• Q) owner's equity
• R) revenues
• S) statement of owner's equity

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Definitions:

Regulating Emotions

The process of identifying, managing, and responding to one's own emotions in a healthy and productive way.

Phenotype

The collection of traits that can be seen in a person, which emerge from how their genetic makeup interacts with their surroundings.

Genotype

The genetic makeup of an individual organism; it consists of the alleles inherited from both parents and determines the potential characteristics of an individual.

Gene Expression

The process by which information from a gene is used to synthesize a functional gene product, such as proteins, thereby affecting the traits of an organism.