An Item to Which a Business Holds Legal Claim Is

question 325

Multiple Choice

An item to which a business holds legal claim is called a(n)

• A) asset.
• B) liability.
• C) loan.
• D) time deposit.

---

Definitions:

Achievement-Oriented Leadership

A leadership style focused on setting high goals and encouraging team members to reach their maximum performance.

Role Modeling

The process where individuals influence others by being examples to follow, particularly in behaviors, skills, or attitudes.

Psychosocial Functions

The roles and impacts that social relationships and societal structures have on an individual's psychological well-being.

Mentoring

A developmental relationship where a more experienced or more knowledgeable person helps to guide a less experienced or less knowledgeable person.