Which of the Following Statements Is TRUE of the Owner,Capital

question 88

Multiple Choice

Which of the following statements is TRUE of the Owner,Capital account?

• A) It is an equity account that has a normal credit balance.
• B) It is a liability account that has a normal credit balance.
• C) It is a liability account that has a normal debit balance.
• D) It is an equity account that has a normal debit balance.

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Definitions:

Evaluation Systems

Structured processes used to assess performance, effectiveness, or value of employees, projects, or programs within an organization.

Social Exchange

A theory that suggests human relationships are formed based on a subjective cost-benefit analysis and the comparison of alternatives.

McGregor's Theory Y

A theory of management that assumes employees are self-motivated, seek responsibility, and are creative problem solvers.

Lower-Order Needs

Basic human requirements such as physiological and safety needs that must be satisfied before higher-order needs can be addressed, according to Maslow's hierarchy.