Which of the Following Are Considered to Be an Asset

question 22

Multiple Choice

Which of the following are considered to be an asset:

• A) Deposit on a futures contract
• B) Asset under finance lease
• C) Deferred acquisition costs
• D) All of the given answers.
• E) Deposit on a futures contract and asset under finance lease.

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Definitions:

Hail Insurance

A type of insurance policy specifically designed to protect crops from hail damage.

Total Product

The total quantity of output produced by a firm over a given period of time.

Marginal Product

The extra production generated when one more unit of a particular input is added, with all other inputs remaining unchanged.

Law of Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.