Assets That Do Not Have a Physical Substance Yet Often

question 85

Short Answer

Assets that do not have a physical substance yet often are very valuable are called ______________ assets.

Identify the initial steps a hospital should take in response to receiving multiple casualties from a disaster.

Distinguish between different types of disaster victims and their medical needs.

Recognize when and why the National Guard becomes involved in disaster response.

Prioritize community actions immediately following a disaster.

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Definitions:

Normative

Relating to or dealing with norms, especially in the sense of prescribing what ought to be rather than describing what is.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Positive Economic Statement

A factual claim about the world that can be tested and validated, referring to what is, rather than what ought to be.

Normative

Normative relates to an ideal standard or model, often reflecting opinions about what is desirable or how things should be, especially in ethics and economics.