Personal Conditions Conducive to Growth Include

question 7

Multiple Choice

Personal conditions conducive to growth include:

• A) Felt need
• B) Encouragement
• C) Plans move from general goals to specific action
• D) Self-esteem
• E) All of these

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Definitions:

Assets

Resources owned or controlled by a business or an individual that have expected future economic benefits.

Liabilities

Present obligations of an entity arising from past transactions or events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.

Sale Of Goods

A transaction between two parties where the seller transfers the ownership of goods to the buyer for a price.

Fair Value

An estimate of the price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.