Resources a Company Owns or Controls That Are Expected to Yield

question 161

Multiple Choice

Resources a company owns or controls that are expected to yield future benefits are:

• A)Assets.
• B)Revenues.
• C)Liabilities.
• D)Owner's Equity.
• E)Expenses.

---

Definitions:

Private Goods

Goods that are excludable and rivalrous, meaning their consumption by one individual prevents others from consuming them.

Primary Education

The first stage of formal education, typically involving children from ages 5 to 11.

Federal Government

The national government of a country, which holds the primary authority over its states or provinces and is responsible for national policies and governance.

Economic Stability

A state where an economy experiences steady growth, moderate inflation, and low unemployment, indicating overall health and predictability.