When an Owner, in a Proprietorship or Partnership, Withdraws Cash

question 73

Multiple Choice

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

• A) expenses.
• B) salary.
• C) drawings.
• D) a credit line.

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Definitions:

Defend Status Quo

The act of maintaining current conditions or resisting change in a system or organization.

Political Strategy

The plan and actions designed to achieve a particular political outcome or to influence political decisions, often employed by governments, political parties, or activists.

Lobbying

The act of attempting to influence the decisions made by officials in a government, most often legislators or members of regulatory agencies.

Politics

The activities, actions, and policies that are used to gain and hold power in a government or to influence decision-making in an organization.