An Example of a Fixed Asset Is

question 10

Multiple Choice

An example of a fixed asset is

• A) a delivery truck for sale by an automotive dealer.
• B) inventory.
• C) a delivery truck used by a grocer to deliver merchandise to customers.
• D) short-term investments in stock.

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Definitions:

Selfish Interests

Motivations based on personal gain or benefits rather than considering the welfare of others.

Trade

The exchange of goods, services, or resources between individuals, businesses, or countries.

Specialize

The process by which individuals or entities concentrate on producing a limited scope of goods or services to gain efficiency or quality improvements.

Productivity

A measure of the efficiency of production, often calculated as the ratio of outputs produced to inputs used in the production process.