Profit sharing rewards short-term performance while stock options attempt to reward long-term performance

All of the following represent alternative approaches to the traditional budget-preparation process except which one of the following?

a. Master budgeting. b. Kaizen budgeting. c. Continuous-improvement budgeting. d. Activity-based budgeting (ABB) e. Time-driven activity based budgeting (TDABB)

What would happen to your net worth if you sold a tangible asset you owned for $1,000 and used the money to pay off your credit card balance for $1,000?

A) Since your liabilities decreased, your net worth would increase by $1,000. B) Since your assets decreased, your net worth would decrease by $1,000. C) Your net worth would increase by $500. D) Your net worth would remain the same.