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A Substance That Has No Psychological or Physical Effect of Its

question 329

Multiple Choice

A substance that has no psychological or physical effect of its own, but appears to have an effect because of the beliefs of the people using it is called a(n) ______.


Definitions:

Sale On Account

A transaction where goods are sold and payment is to be made at a later date.

Equity

The value of an owner's interest in a company, calculated as the difference between the company's assets and liabilities.

Assets

Economic resources owned or controlled by a business or individual that are expected to bring future benefits.

Liabilities

Financial obligations or debts a company owes to others that must be paid in the future.

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