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Which of the Following Terms Is Used for Associations of People

question 170

Multiple Choice

Which of the following terms is used for associations of people, scattered across the country or the world, who are able to communicate via computer about some common interest?


Definitions:

Management

involves the activities of setting the strategy of an organization and coordinating the efforts of its employees or volunteers to achieve its objectives.

Withdrawals

The act of taking out funds from a bank account or the removal of assets from a business by the owner for personal use.

Owner's Equity

Represents the share of the company's assets that belongs to the owners after all debts have been paid.

Cash

Cash refers to money in the form of currency, including coins and banknotes, that can be used immediately for transactions.

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