In Order for an Individual to Maintain an Exercise Regimen

question 13

Multiple Choice

In order for an individual to maintain an exercise regimen it helps if ________.

• A)the exercise works only the lower legs
• B)the exercise is built into a daily routine
• C)you sweat profusely
• D)you have a membership to a gym

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Definitions:

Financial Statement

A written report which quantitatively describes the financial health of a company; it includes the income statement, balance sheet, statement of cash flows, and statement of retained earnings.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance based on the accounting rules.

Temporary/Permanent

Categories used to distinguish assets, liabilities, and equity items based on their duration in financial statements; temporary items fluctuate regularly while permanent items typically remain constant over time.

Principal

The original sum of money borrowed in a loan, or the amount of the investment that is actually made.