Predictions Based on a Specific Analysis of How a Particular

question 40

Multiple Choice

Predictions based on a specific analysis of how a particular person has behaved in the past in similar situations are referred to as

• A)statistical predictions.
• B)clinical predictions.
• C)actuarial predictions.
• D)anamnestic predictions.

---

Definitions:

Sole Proprietorship

A business structure where the business is owned and operated by a single individual, who bears unlimited liability.

Corporation

A legal entity that is separate and distinct from its owners, providing limited liability to its shareholders.

Capital Account Balance

The amount of money in a company's or individual's capital account, indicating the net investment in the entity at a specific point in time.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenue, indicating the company's financial performance over a specific period.