Which of the Following Is Not a Benefit for a Person

question 82

Multiple Choice

Which of the following is not a benefit for a person who is not a legal professional acquainting themselves with law and legal procedures?

• A)Being able to give legal advice to friends and family members.
• B)Aiding in the organisation of their business and personal lives in order to avoid serious legal problems arising.
• C)Assisting in their everyday personal and commercial relationships.
• D)Developing their understanding of new laws and regulations impacting on their lives.

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Definitions:

Financing Activities

Transactions and events that affect the long-term liabilities and equity of a company, such as issuing debt or stock.

Creditors

Individuals, businesses, or financial institutions that are owed money by debtors or customers.

Owner's Equity

Represents an owner's total investment in a company after subtracting liabilities from assets; it signifies the net value an owner has in the business.

Liabilities

Financial obligations or debts that a company owes to others, which must be paid back in the future.