____________ Means That You Accept the Consequences of Your Decisions

question 29

Multiple Choice

____________ means that you accept the consequences of your decisions and actions.

• A)Accountability
• B)Due process
• C)Liability
• D)Responsibility

---

Definitions:

Intangible Asset

This is an asset that lacks physical substance, such as patents, trademarks, and goodwill, yet offers economic value to its owner.

Physical Substance

Refers to tangible assets that have a concrete form and can be touched, as opposed to intangible assets.

Rights

Entitlements or privileges granted, typically to shareholders, such as the right to buy additional shares in certain circumstances.

Statement Of Financial Position

Another term for a balance sheet, a financial document that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.