When an entrepreneur purchases an existing business, he or she essentially is purchasing its future profit potential

Which of the following led to the U.S. financial crisis of 2007-2009?

A) Financial innovation in mortgage markets B) Agency problems in mortgage markets C) An increase in moral hazard at credit rating agencies D) All of the above E) only A and B of the above

Verifying that the Debit column totals equal the Credit column totals is called

a. checks and balances; b. making sure; c. proof assurance; d. cross-checking; e. none of these