The Assets of Star Company Are $110,000 and the Total

question 44

Multiple Choice

The assets of Star Company are $110,000 and the total liabilities are $10,000.The equity is ________.

• A) $110,000
• B) $120,000
• C) $10,000
• D) $100,000

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Definitions:

Private Consumptions

The spending by households on goods and services, excluding purchases of new housing but including healthcare, education, and entertainment.

Majority Vote

A decision-making rule where the option that receives more than half of the votes is chosen.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by many people simultaneously without depletion.

Pareto Optimal

A scenario in resource distribution where it's impossible to benefit one individual through reallocation without causing harm to another individual.