Current Assets Are Assets and Fixed Assets Are Assets

question 16

Multiple Choice

Current assets are assets and fixed assets are assets .

• A)that have an expected life in excess of one year;that have an expected life in excess of one year
• B)converted to cash during the accounting year;that have an expected life in excess of one year
• C)that have an expected life in excess of one year;converted to cash during the accounting year
• D)converted to cash during the accounting year;converted to cash during the accounting year

---

Definitions:

Driving Forces

Powerful influences or motivations that propel an individual, group, or organization towards achieving goals or initiating change.

Unfreezing

The initial phase in the change process where existing behaviors, attitudes, or norms are challenged or questioned in preparation for change.

Driving Forces

Elements that motivate or push an organization or individual towards a particular direction or goal.

Restraining Forces

are factors or influences that resist or oppose change, hindering movement towards a desired state.