Inadequacy Refers to

question 81

Multiple Choice

Inadequacy refers to

• A)The condition where the capacity of a property,plant and equipment asset is too small to meet the company's productive demands
• B)An asset that is worn out
• C)An asset that is no longer useful
• D)The same as obsolescence
• E)All of these

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Definitions:

Confidence

The feeling or belief that one can rely on someone or something; firm trust.

Functional Fixedness

A cognitive bias that limits a person's ability to use an object only in the way it is traditionally used.

Confirmation Bias

The habit of looking for, interpreting, prioritizing, and recalling data in a way that reinforces one's already held convictions or assumptions.

Gamble

The act of risking something of value on the outcome of an event in the hope of gaining something of greater value.