The Claims Side of the Accounting Equation

question 37

Multiple Choice

The claims side of the accounting equation

• A) lists the resources that a business owns or controls.
• B) lists the sources of the business's assets.
• C) must balance out to zero.
• D) indicates the amount of profit that a business has earned.

---

Definitions:

High-context Cultures

Societies or groups where communication relies heavily on underlying context, non-verbal cues, and the relationships among people more than on explicit words.

International Experience

Exposure to and understanding of different cultures, business practices, and global markets, often valued in professional contexts for its broadening perspective.

Face-to-face Interaction

Direct communication between two or more individuals in the same physical space, allowing for verbal and nonverbal exchange.

Composition Rules

Guidelines that govern the arrangement of visual elements in a piece of artwork or design to achieve a harmonious and aesthetically pleasing result.