________ Is Considered by Some to Be the Father of Modern

question 208

Multiple Choice

________ is considered by some to be the father of modern economics.

• A) John Maynard Keynes
• B) Adam Smith
• C) Thomas Piketty
• D) Thomas Malthus

---

Definitions:

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.

Division of Partnership Income

The method or agreement by which profits are distributed among partners in a partnership.

Financial Statements

Compiled reports detailing an organization's financial status, including the balance sheet, income statement, and cash flow statement, over a specific period.

Capital Interest

The portion of an investment or equity that represents the initial sum invested or the value contributed by an investor or partner.