Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'institutional unit'?

A. party presenting something, such as a regulatory report
B. party that utilizes economic goods or services, typically for personal, family, or household purposes
C. primary performer in a relationship between parties, i.e., the party that does something, causes something to happen, or otherwise plays an agentive role in the relationship
D. party that is capable, in its own right, of owning assets, incurring liabilities, and engaging in economic activities and in transactions with other parties

Answer: party that is capable, in its own right, of owning assets, incurring liabilities, and engaging in economic activities and in transactions with other parties