A Decrease in Net Worth Could Be the Result Of

question 29

Multiple Choice

A decrease in net worth could be the result of:

• A) income exceeding expenses for a month.
• B) expenses exceeding income for a month.
• C) assets exceeding expenses.
• D) increased earnings on the job.
• E) income and expenses being equal for a month.

---

Definitions:

James Bay

A large body of water on the southern end of Hudson Bay in Canada, known for its surrounding wilderness and indigenous communities.

Northern Quebec Agreement

A legally binding accord between the government of Quebec, the government of Canada, and several indigenous groups, addressing land use and rights in Northern Quebec.

Northeastern Quebec Agreement

A formal accord concerning the development and management of natural resources in Northeastern Quebec.

Solicitor-Client Relationship

A legal bond between a lawyer (solicitor) and their client, characterized by trust, confidentiality, and the duty to represent the client's best interests.