Which of the Following Statements Is (Are) True

question 101

Multiple Choice

Which of the following statements is (are) true?
(1) An asset is a cost that will be matched with revenues in a future accounting period.
(2) Opportunity costs are recorded as intangible assets in the current accounting period.

• A) Only (1) is true.
• B) Only (2) is true.
• C) Both of these are true.
• D) None of these are true.

---

Definitions:

Interpersonal Processes

The dynamics and mechanisms through which people interact and communicate with each other in social settings.

Disjunctive Task

A task in which the performance of the group is determined by the best individual performance among its members.

Steiner's Taxonomy

A classification system developed by Ivan Steiner that categorizes group tasks based on their nature and the ways individuals contribute to group performance.

Coordination Loss

Deterioration in group performance compared with individual performance, due to problems in coordinating behaviour.