Arabella in Her Entrepreneurship Course Was Exploring Value

question 60

Multiple Choice

Arabella in her entrepreneurship course was exploring value.She found out from the text that all of the following is true EXCEPT ______.

• A)value can take many forms
• B)the most common form is economic value
• C)another value is social value
• D)value is always measured in currency

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Definitions:

Simple Interest

Interest determined exclusively on the original amount, or on the remaining amount of the principal that is not yet paid.

Financial Position

A snapshot of what a company owns and owes at a specific point in time, encompassing assets, liabilities, and equity.

Promissory Note

A Promissory Note is a financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Simple Interest

Interest calculated only on the principal amount, not on previous interest earned.