Author Question: What are liabilities? A) anything of value owned by a person or a business B) only those unpaid ... (Read 78 times)

Zulu123 · **on:** Jun 29, 2018

What are liabilities?

A) anything of value owned by a person or a business
B) only those unpaid expenses for which a business or person is making interest payments
C) the total cost of labor for a firm
D) anything a person or a business owes to entities outside the business

Question 2

Assume that the price for lawn care has fallen and sales of lawn care services have also fallen. One can conclude that

A) lawn care services are deliberately charging low prices because they want to discourage people from maintaining their own lawns.
B) the demand for lawn care service has decreased.
C) the law of supply has been violated.
D) the number of lawn care service companies has increased.