Kim Has a Net Worth of -$20 000 and a Debt

question 123

Multiple Choice

Kim has a net worth of -$20 000 and a debt to assets ratio of three. Which of the following do you know is true?

• A)Kim is in a terrible financial situation.
• B)Kim has no budget.
• C)Kim has assets of $10 000.
• D)Kim has liabilities of $20 000.

---

Definitions:

Moral Reasoning

The process by which individuals make decisions about what is right and wrong, often influenced by their values, beliefs, and cultural norms.

Declare War

The formal announcement by a sovereign or government about the beginning of military conflict against another nation or state.

Bicultural Identity

An individual's identification with two cultures, incorporating elements of both into their life and sense of self.

Mandarin

A major group of Chinese dialects spoken across most of northern and southwestern China.