Which of the Following Terms Best Represents Something a Business

question 43

Multiple Choice

Which of the following terms best represents something a business owns that has economic value or is expected to have economic value in the future?

• A) Asset
• B) Revolving credit
• C) Cash flow
• D) Synergy

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Definitions:

Duty Of Loyalty

A duty that states managers must place the corporation’s interests above their own.

Undisclosed Principal

A person, in a transaction conducted by an agent, whose existence and identity are unknown to the third party.

Wholesale Auto Auctions

These are exclusive marketplaces where dealers buy and sell vehicles in bulk, often at lower prices, primarily for resale purposes.

Car Purchasing Partnership

An agreement between individuals or entities to jointly purchase a car, often to benefit from bulk buying conditions or shared use.