Anything of Value One Owns Is Called A(n)

question 8

Multiple Choice

Anything of value one owns is called a(n) :

• A) asset.
• B) liability.
• C) capital gain.
• D) investment.

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Definitions:

Common Stock

Equity ownership in a company, giving holders voting rights and a share in the company's profits through dividends.

Ontario Ltd.

A term used to designate a limited company in the province of Ontario, Canada, often seen in business names.

Joint Venture

Involves the joining together of parts of companies to accomplish specific, limited objectives. Joint ventures are controlled by the combined management of the two (or more) parent companies.

Independent Companies

Firms that operate independently without being owned or controlled by another entity or conglomerate.