A Universal Property of Systems and Which Refers to Their

question 124

Multiple Choice

A universal property of systems and which refers to their tendency to run down and die is called:

• A) Closed system
• B) Subsystem
• C) Entropy
• D) None of the above

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Definitions:

Dividends Payable

A liability account recording the amount a company owes to its shareholders in announced dividends to be paid.

Retained Earnings

Retained earnings refer to the portion of a company's profits that is retained or kept within the company instead of being paid out to shareholders as dividends, to be reinvested in business operations or to pay off debt.

Retained Earnings

Cumulative net earnings not distributed as dividends to shareholders, reinvested in the business or available for debt repayment.