Which of the following best describes the term "equity"?
a. The amount of total profits earned by a business since it began operations.
b. The amount of interest or claim that the owners have in the business.
c. The economic resources of a business entity.
d. The cumulative profits earned by a business less any dividends distributed.
b
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A marketing research firm has instructed its research associates to collect primary data by stopping people at a shopping mall or busy street corner and request an interview on the spot. What are the drawbacks of using this method?
What will be an ideal response?
Bureaucracy is ______ for change.
a. an incentive b. a first step c. disincentive d. an informal beginning
When no-par common stock has a stated value, the stated value of the shares issued normally is considered the legal capital of the corporation
Indicate whether the statement is true or false
A decision that must be made at split-off is to sell a product or process it further
Indicate whether the statement is true or false