Use the Following Information for Questions

question 85

Multiple Choice

Use the following information for questions
Kareem's Rental Ltd.started the year with total assets of $70,000 and total liabilities of $40,000.During the year, the business recorded $100,000 in car repair revenues, $65,000 in expenses, and paid dividends of $5,000.
-The profit reported for the year was

• A)$30,000.
• B)$35,000.
• C)$20,000.
• D)$100,000.

Examine the role of optimism, pessimism, and unrealistic optimism in personal outcomes.

Understand the importance of scientific methods in studying personality from a positive psychology perspective.

Understand the concept of utility maximization and how it influences consumer choices.

Comprehend the principle of diminishing marginal utility and its effect on demand.

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Definitions:

Strike-Slip Fault

A type of fault in which two blocks of the Earth's crust slide past each other horizontally along the fault plane.

Reverse Fault

A type of fault where the hanging wall moves up relative to the footwall, often created by compressive forces.

Normal Fault

A type of fault where the hanging wall has moved downward relative to the footwall, typically associated with extensional tectonics.

Horizontal Compression

A stress regime where forces push inwards from opposite sides, often leading to folding, faulting, or shortening of the Earth's crust.