Which of the Following Is Not a Major Characteristic of a Fixed

question 40

Multiple Choice

Which of the following is not a major characteristic of a fixed asset?

• A) acquired for resale
• B) tangible in nature
• C) expected to be used for more than one year
• D) used in the production and sale of other assets

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Definitions:

Dimensions Vary

Dimensions vary indicates that characteristics or aspects of something can differ in magnitude or extent among different entities or within different contexts.

Labels Effective

The practice of using descriptive or informative tags or stickers in a way that significantly enhances the understanding or management of items or information.

Organizational Socialization

The process through which new employees learn the values, norms, and expectations of an organization to become effective members.

Maintenance Culture

relates to the collective practices, values, and attitudes towards maintaining and preserving assets, equipment, and infrastructure in an organization or society.