Liabilities Are

question 63

Multiple Choice

Liabilities are:

• A) resources under an organisation's legal control.
• B) obligations owed by an organisation to its suppliers of goods and services on credit creditors.
• C) the amount of investment made by owners in a business.
• D) the profits earned by a corporation.

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Definitions:

Cultural Imperialism

is a concept referring to the domination of one culture over another, often through media and cultural forms, leading to the imposition of the dominant culture's values and practices on the subordinate culture.

Capitalism

An economic system characterized by private ownership of the means of production, profit motive, and market competition.

Markets

Economic systems or environments where buyers and sellers engage in the exchange of goods, services, or information.

Juggernaut

An overwhelming, advancing force or structure that crushes everything in its path.