Which One of the Following Is an Ownership Interest in a Firm

question 18

Multiple Choice

Which one of the following is an ownership interest in a firm?

• A)asset
• B)expense
• C)net income
• D)liability
• E)equity

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Definitions:

Causation

The relationship between cause and effect, where one event (the cause) directly leads to the occurrence of another event (the effect).

Duty of Care

A legal obligation imposed on individuals or organizations to adhere to a standard of reasonable care while performing acts that could foreseeably harm others.

Battery

A civil wrong that occurs when one person intentionally and voluntarily brings about a nonconsented harmful or offensive contact with a person or something closely associated with him or her. Battery requires an actual contact.

Defense of Property

The right to use reasonable force to protect one's property from harm or theft.