A Company Has the Following Assets: (1)Fixed Assets Worth $30,000

question 58

Multiple Choice

A company has the following assets: (1) Fixed assets worth $30,000 and (2) investments worth $6,000.The company's total liabilities amount to $25,000.What is the owner's equity of the company?

• A) $24,000
• B) $36,000
• C) $5000
• D) $30,000
• E) $11,000

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Definitions:

Low-ball Technique

A persuasion and sales strategy where an initial, lower price is offered to gain agreement from a buyer, only to increase the price by introducing additional costs or factors.

Social Loafing

A phenomenon observed in group settings wherein individuals put in less effort on a task when working collectively compared to when working individually.

Social Loafing

The phenomenon where individuals exert less effort when working in a group than when working alone.

Philip Zimbardo

An American psychologist known for his research on social influence and the dynamics of time perspective, notably leading the Stanford prison experiment.