Which of the Following Is an Example of an Individual

question 51

Multiple Choice

Which of the following is an example of an individual motivated be self-interest?

• A)a student volunteering at a soup kitchen
• B)an attorney providing free legal service to low income families
• C)a young person volunteering for the Peace Corps
• D)a man buying a new Camaro
• E)all of the answers are correct

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholders out of the company's current or retained earnings.

Beginning Balance

The amount of money in an account at the start of a new accounting period, carried over from the end of the previous period.

Ending Balance

The final amount in an account at the end of a reporting period after all debits and credits have been accounted for.

Minimum Legal Capital

The least amount of capital that must be raised through the issue of shares for a corporation to be legally established.