If Assets Are $144,000 and Liabilities Are $37,000, Then Equity

question 171

Multiple Choice

If assets are $144,000 and liabilities are $37,000, then equity equals

• A)$107,000.
• B)$37,000.
• C)$74,000.
• D)$144,000.
• E)$181,000.

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Definitions:

Servant Leadership

A leadership philosophy where the primary goal of the leader is to serve others, prioritizing the needs of the team and organization over their own.

Visionary Leadership

Leadership that is characterized by a clear vision, the ability to see what might be achieved in the future, and the capacity to inspire others to strive for that future.

Follower-Centred

An approach that focuses on the needs, interests, and well-being of the followers or subordinates in a leadership context.

Referent Power

Influence over others derived from personal traits or charisma, leading others to respect and admire the individual.