Statements That Describe Values May Include Which of the Following

question 14

Multiple Choice

Statements that describe values may include which of the following? Select all that apply.

• A) Values are concrete concepts that reflect what is meaningful and important to individuals.
• B) Values are learned in conscious and unconscious ways and become a part of a person's makeup.
• C) Values provide direction and meaning to life.
• D) Values may be expressed overtly or in an indirect way.
• E) Values have little influence over an individuals' choices.

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Definitions:

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owner's claim against the company's assets.

Ratio

A quantitative relationship between two numbers, showing how many times one value is contained within another.

Liabilities

Financial obligations or debts that a business owes to others, which must be paid back in the future.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing ownership interest.