Heritage Assets Have Characteristics That Create Doubt About Whether or Not

question 34

Multiple Choice

Heritage assets have characteristics that create doubt about whether or not they satisfy the definition of an asset.These characteristics include.

• A) They are not expected to generate net economic benefits.
• B) They never generate cash inflows.
• C) They are unlikely ever to be sold.
• D) They are not expected to generate net economic benefits and they are unlikely ever to be sold.
• E) None of the given answers.

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Definitions:

Four-Firm Concentration Ratio

An economic indicator that measures the combined market share of the top four firms in an industry, used to assess the level of competition.

Market Shares

The proportion of total market sales within an industry that is held by a specific company.

Herfindahl Index

A measure of market concentration used to determine the level of competition within an industry by summing the squares of the market shares for each firm.