Laurent Plans to Major in Engineering in College

question 91

Multiple Choice

Laurent plans to major in engineering in college.When asked if he might change his career path,he responds,"I might,but I doubt it.I've spent a lot of time studying my options.I'm pretty sure engineering is right for me." Laurent is demonstrating identity __________.

• A) foreclosure
• B) diffusion
• C) moratorium
• D) achievement

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Definitions:

Partnership Capital

The total amount of capital contributed by partners in a partnership, used in the business and subject to changes from profits, losses, and withdrawals.

Capital Balances

Refers to the amount of money that the owners of a company have invested in it.

Goodwill Method

An accounting method used to determine the value of a non-tangible asset acquired when one company buys another.

Profits and Losses

Financial terms representing the positive or negative financial outcomes resulting from a company's operations and activities.