CASE: Your Neighbor, SueAnn, Is Preparing for Her First Business

question 80

Multiple Choice

CASE: Your neighbor, SueAnn, is preparing for her first business trip in a while. She does not remember the last time she flew, much less the last time she had to take her computer with her. She wants to be sure she can access work files while away and also set her computer settings for the flight.

• A) work folders
• B) airplane mode
• C) sync settings
• D) wireless Internet

---

Definitions:

Accounting Equation

The fundamental formula in accounting that states that assets equal liabilities plus equity.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing owners' claims on the business.

Assets

Resources owned by a business or individual that have economic value and can provide future benefits.

Liabilities

Financial obligations or debts owed by a business to others, including loans, accounts payable, and mortgages.