Net Income Results in A(n)

question 4

Multiple Choice

Net income results in a(n)

• A) increase in owner's equity.
• B) increase in revenues.
• C) decrease in expenses.
• D) decrease in liabilities.

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Definitions:

Organizational Goals

The objectives or targets that an organization aims to achieve in a specified timeframe.

Referent Power

A form of influence based on the attraction and admiration one has for an individual, leading to emulation.

Ethical Use

The responsible and morally correct utilization of resources, tools, or information, ensuring fairness, respect, and integrity in one’s actions.

Treat Fairly

The practice of acting in a just and unbiased manner towards individuals or groups.