Identify the Property Illustrated by the Statement

question 242

Multiple Choice

Identify the property illustrated by the statement.
-2 · 1 = 2

• A)Multiplication property
• B)Additive identity
• C)Multiplicative identity
• D)Distributive property

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Definitions:

Net Worth

The total value of all assets owned by an individual or corporation, minus the total value of all liabilities owed at a point in time.

Consumption

Consumption denotes the use of goods and services by households, representing the final purchase of goods and services to satisfy wants and needs.

Net Worth

The total assets minus total liabilities of an individual or company, representing the financial value of the entity.

Assets

Resources owned by a business or individual with economic value expected to provide future benefits.