According to the Bottom Line Concept,which of the Following Is

question 83

Multiple Choice

According to the bottom line concept,which of the following is true?

• A) Nations or cultures can be considered as living,growing entities,but not businesses.
• B) The four domains in which balanced entrepreneurs need to achieve success to be truly happy do not include self and family.
• C) Success cannot be accurately measured solely in terms of profits.
• D) The suggestion that the short-term measure of success for any organization is profit with survival being the long-term measure holds true in practice especially for small businesses.

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Definitions:

Total Assets

The sum of all assets, both current and noncurrent, owned by an entity, reflecting the total resources at its disposal.

Stockholders' Equity

The portion of the balance sheet that represents the equity or ownership interest of shareholders in a company.

Monetary Value

Monetary value represents the worth of an item, service, or asset expressed in terms of money or currency.

Net Income

The final amount a company retains as earnings after subtracting costs and taxes from its gross income.