If Equity Is $30,000 and Liabilities Are $73,000, Then Assets

question 55

Multiple Choice

If equity is $30,000 and liabilities are $73,000, then assets equal

• A)$103,000.
• B)$30,000.
• C)$60,000.
• D)$40,000.
• E)$73,000.

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Definitions:

Internal and External

Refers to factors or influences within an organization (internal) and outside influences affecting an organization (external).

Unsatisfied Need

A consumer demand or desire that has not been fulfilled by existing products or services in the market.

Functional Needs

The specific requirements that consumers are looking to fulfill with a product or service.

Psychological Needs

Emotional or mental necessities that are essential for mental health and well-being, such as the need for love, esteem, or self-actualization.