Tim Contributes Capital into His Business

question 47

Multiple Choice

Tim contributes capital into his business.The two accounts affected are:

• A)two asset accounts.
• B)a liability and an owners' equity.
• C)an asset and a liability.
• D)an asset and an owners' equity.

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Definitions:

Consensus Buying Center

A buying center in which all members of the team must reach a collective agreement that they can support a particular purchase.

Autocratic Buying Center

A decision-making group within a business where one individual makes decisions on behalf of the entire group, often without much input from others.

Autocratic

A leadership or management style characterized by individual control over all decisions with little input from group members, often leading to a top-down approach in decision making.

Democratic

Pertaining to a system of government by the whole population or all the eligible members of a state, typically through elected representatives.