The Term,obsolescence,as It Relates to the Useful Life of an Asset,refers

question 154

Multiple Choice

The term,obsolescence,as it relates to the useful life of an asset,refers to:

• A)The end of an asset's useful life.
• B)A plant asset that is no longer useful in producing goods and services with a competitive advantage.
• C)The insufficient capacity of a company's plant assets to meet the company's productive demands.
• D)An asset's salvage value becoming less than its replacement cost.
• E)Intangible assets that have been fully amortized.

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Definitions:

Repression

A psychological process in which traumatic memories are buried in the unconscious.

Freud

Sigmund Freud, an Austrian neurologist who founded the discipline of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Defense Mechanism

Unconscious psychological strategies brought into play by individuals to protect themselves from anxiety or to provide a refuge from a situation with which they cannot currently cope.

Rationalization

A defense mechanism in which controversial behaviors or feelings are justified and explained in a seemingly rational or logical manner to avoid the true explanation.