Which of the Following Describes the Identity Embodied in a Balance

question 281

Multiple Choice

Which of the following describes the identity embodied in a balance sheet?

• A) Net worth plus assets equal liabilities.
• B) Assets plus liabilities equal net worth.
• C) Assets equal liabilities plus net worth.
• D) Assets plus reserves equal net worth.

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Definitions:

Prejudice

Preconceived opinion not based on reason or actual experience; bias or discrimination against certain groups.

Stereotypes

Oversimplified generalizations about groups of people that may lead to assumptions and judgments without regard for individual differences.

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing.

Ethnocentrism

The belief that one’s ethnic group is more normal than others; an emotional source of prejudice because of people’s gut-level feelings about how right their group is—and, in turn, how wrong they think other groups are.