The faculty member believe this was a Ponzi-type scheme because it states that there is Higher Rate of Return if one has a higher return on investment and that it is about 44 % and even more in 12 days, if one invest.
<h3>What is a Ponzi Scheme?</h3>
A Ponzi scheme is known to be a form of an investment fraud that is said to pay their existing investors using funds obtained from other new investors.
Note that in the passage, It tells that a person could invest $6 to $6,000 and gets about 44 percent return in 12 days an this made the faculty member believe that it was a Ponzi-type scheme
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Assets, liabilities, time period should be shown on a balance sheet.
- Balance Sheet are often regarded as financial statement that simply tells a brief summary of a company's assets, liabilities and shareholders' equity at a particular point in time.
- Assets are said to be company's or individual's resource that is of economic importance corporation or that belongs or controled by country with the view that it will give future benefit.
From the above, we can therefore say that the answer Assets, liabilities, time period should be shown on a balance sheet is correct
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D. When you start a job they usually put you to shadow someone so you can learn.
