Information

question 15

Multiple Choice

Information

• A)is difficult to own.
• B)is never a separate attribute of a product.
• C)is easy to connect to physical product.
• D)is not scarce in the knowledge economy.

---

Definitions:

Capital Account

An account on a nation's balance of payments that records the investment funds coming in and going out of the country.

Statement of Owner's Equity

A financial document that reports the changes in the equity of a company over a specific period, including withdrawals, investments, and net income.

Trial Balance

A bookkeeping worksheet wherein the balances of all ledgers are compiled into debit and credit columns to ensure that total debits equal total credits.

Income Statement

A financial report summarizing revenues, expenses, and profits over a specific period, showing a company's financial performance.