A Debt That a Business Owes Is Called ________

question 18

Multiple Choice

A debt that a business owes is called ________.

• A)an asset
• B)a liability
• C)stockholders' equity
• D)revenue

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Definitions:

Secondary Storage

Non-volatile storage that retains data when the power is turned off, such as hard drives, SSDs, and USB flash drives.

Hard Disk

A hardware device used for storing and retrieving digital data using magnetic storage, typically consisting of one or more rigid rapidly rotating disks coated with magnetic material.

Source Program

The original code written by a programmer in a high-level programming language before it is compiled or interpreted.

Assembly Language

Assembly language is a low-level programming language for a computer, or other programmable device, where there is a very strong correspondence between the language and the architecture's machine code instructions.