An Oval Shape with No Center but with Two Points

question 21

Multiple Choice

An oval shape with no center but with two points of reference called foci is:

• A) an orbit.
• B) an asteroid.
• C) an ellipse.
• D) a satellite.

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Definitions:

Net Assets

The total assets of an entity minus its total liabilities, representing the entity’s net worth or equity value.

Acquisition

The act of gaining ownership of a different corporation or business entity by either buying it or combining with it.

Credit Balance

A situation in an account where the total credits exceed the total debits, indicating the amount owed to the account holder or client.

Contingency Payment

A payment that is made only if certain specified conditions are met or certain outcomes occur.