If the Liabilities of a Business Increased $75,000 During a Period

question 104

Multiple Choice

If the liabilities of a business increased $75,000 during a period of time and the equity in the business decreased $30,000 during the same period,the assets of the business must have:

• A)Decreased $105,000.
• B)Decreased $45,000.
• C)Increased $30,000.
• D)Increased $45,000.
• E)Increased $105,000.

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Definitions:

Chameleon Effect

The subconscious mimicry of the postures, mannerisms, facial expressions, and other behaviors of one's interaction partners, often as a means of social rapport.

Social Facilitation

Improved performance on simple or well-learned tasks in the presence of others.

Group Polarization

The enhancement of a group’s prevailing inclinations through discussion within the group.

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.