Which of the Following Is an Example of an Individual

question 10

Multiple Choice

Which of the following is an example of an individual motivated be self-interest?

• A) a student volunteering at a soup kitchen
• B) an attorney providing free legal service to low income families
• C) a man buying a new Camaro
• D) all of the above

---

Definitions:

Internal Accounting Records

Documentation and books kept by an organization for its internal financial planning, monitoring, and reporting.

Consolidated Balance Sheet

A financial statement that combines the assets, liabilities, and shareholders' equity of a parent company and its subsidiaries into one document.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Book Value

The value of a company or asset according to its financial statements, calculated as total assets minus intangible assets (like patents) and liabilities.