Which of the Following Statements Is True with Regard to the Current

question 55

Multiple Choice

Which of the following statements is true with regard to the current global business environment?

• A)Companies are competing in a very complex environment.
• B)Companies are well equipped to deal with challenges in the current environment.
• C)Turbulence in the trade environment is declining.
• D)Free trade has increased the complexity of global business.

---

Definitions:

Liability Account

An accounting record that captures the amounts owed to others, representing claims against a company’s assets.

Owner's Equity

The portion of a company's assets that belongs to the owners after all liabilities have been subtracted.

Net Income

The total earnings of a company after deducting all expenses from revenues, representing the profit.

Owner's Drawings

The amount of money taken out from the business by the owner(s) for personal use.