What Is the Term for the Annual Cost of Wear

question 33

Multiple Choice

What is the term for the annual cost of wear of any asset that is expected to be in use for more than a year?

• A)Diminishing returns.
• B)Marginal cost.
• C)Depreciation.
• D)Sunk cost.
• E)Explicit cost.

---

Definitions:

Company Motto

A short, memorable phrase that encapsulates the ideology, purpose, or culture of a company.

Parking Spaces

Designated areas where vehicles can be parked, usually marked and allocated specifically for this purpose.

Product Obsolescence

The condition of a product becoming outdated or no longer useful due to advancements in technology, changes in consumer preferences, or market conditions.

Internal Integration

The process of ensuring that different departments and functions within an organization work together smoothly and effectively.