Identify the Part of Speech of Each Italicized and Bold-Printed

question 394

Short Answer

Identify the part of speech of each italicized and bold-printed word or group of words by placing the appropriate abbreviations in the blanks. ​
The order for those machines was never received.   _________, _________. ​

Acknowledge the common reasons for small business bankruptcy and the importance of strategic financial planning and management.

Understand the purpose and importance of financial statements in a business.

Recognize the significance of cash flow management for business survival and growth.

Distinguish between assets, liabilities, and equity within the context of the accounting equation.

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Definitions:

Consideration

A concept in contract law that involves something of value exchanged between parties as part of an agreement.

Subrogation

The legal right held by insurers to pursue a third party that caused an insurance loss to the insured.

Secured

Relating to a loan or obligation that is backed by collateral, ensuring the lender has recourse in case of default by the borrower.

Obligation

A legal or moral duty to do or not to do something, often resulting from a contract or promise.