The Residual Claim on Total Assets of a Business Is

question 38

Short Answer

The residual claim on total assets of a business is known as ________________ and is equal to total assets minus total liabilities.

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Definitions:

Constitutional Traits

Characteristics and qualities that are believed to be biologically determined, such as certain behavioral tendencies or physical features.

Source Traits

Fundamental personality traits from which surface traits, observable behaviors, are derived according to trait theory.

Innate

Traits, behaviors, or abilities that are present from birth, not acquired or learned.

Machiavellianism

A personality trait that involves manipulation, deceit, and a lack of morality to achieve one's goals.