A Formula That References Itself Is Called A(n)________ Reference

question 8

Multiple Choice

A formula that references itself is called a(n) ________ reference.

• A)absolute
• B)reliant
• C)circular
• D)dependent

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Definitions:

Inventory Investment

The purchase of goods and materials for future sale or use, representing a business investment in stock.

Proprietorships

The simplest form of business organization owned by a single person, responsible for all the business’s operations and liabilities.

Partnerships

A business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Net Investment

The total amount spent by a company or economy on capital assets, minus depreciation.