If a Company Has a Profit

question 101

Multiple Choice

If a company has a profit:

• A)Assets will be equal to liabilities plus owners' equity.
• B)Assets will be less than liabilities plus owners' equity.
• C)Assets will be greater than liabilities plus owners' equity.
• D)Owners' equity will be greater than its assets.

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Definitions:

Controlling

Within management, it refers to the act of overseeing performance and implementing changes to meet targeted goals.

Flexible Work Schedule

A work arrangement that allows employees to choose varied work hours or days, providing a balance between work and personal life.

Management Function

Involves the planning, organizing, leading, and controlling of an organization's resources to achieve its objectives effectively and efficiently.

Motivating

The process of stimulating people to actions that achieve goals and improve performance.