When an Owner Withdraws Cash or Other Assets from a Business

question 170

Multiple Choice

When an owner withdraws cash or other assets from a business for personal use these withdrawals are termed

• A) depletions.
• B) consumptions.
• C) drawings.
• D) a credit line.

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Definitions:

Goal Setting Theory

A theory suggesting that the establishment of motivating, specific, and clear goals with appropriate feedback contributes to higher performance.

Separate Rewards

The concept of providing distinct and individualized rewards or incentives to individuals or groups, tailored to their unique contributions or achievements.

Price Ceiling

A legal maximum price that can be charged for a good or service, intended to protect consumers from high prices.

Subsidy

Financial assistance granted by a government or public body to support businesses, reduce the prices of goods and services, or encourage particular economic activities.