A Family with $45,000 in Assets and $22,000 of Liabilities

question 56

Multiple Choice

A family with $45,000 in assets and $22,000 of liabilities would have a net worth of:

• A)$45,000.
• B)$23,000.
• C)$22,000.
• D)$67,000.
• E)$41,000.

---

Definitions:

Manufacturing Plant

A facility where goods are produced or manufactured from raw materials through processes involving machinery, labor, and equipment.

Repair Process

A series of steps taken to restore damaged, broken, or failed equipment, devices, or materials to a good or working condition.

Finite Population

A population with a countable number of members or elements, making it possible to obtain a complete count.