Wants Are

question 121

Multiple Choice

Wants are

• A)an effort to satisfy a drive.
• B)more basic than needs.
• C)strong stimuli that encourage action to reduce a need.
• D)needs that are learned during a person's life.
• E)unchanging during a person's life.

Grasp the necessities of personal interaction and the strategic identification of target publics in public relations on social media.

Understand the mechanics and purposes of futures contracts, including their use in hedging and speculation.

Describe the process of marking to market and its significance in futures trading.

Identify the types of assets and commodities that can be hedged using futures contracts.

---

Definitions:

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing the ownership interest of the business owners.

Cash Withdrawals

The act of taking money out of an account, decreasing the account balance.

Assets

Resources owned or controlled by a company or individual with the expectation that they will provide future benefit.

Accounting Equation

A fundamental financial principle representing the relationship between a company's assets, liabilities, and shareholder's equity: Assets = Liabilities + Equity.