The Realization Requirement Gives an Incentive to Own Assets That

question 78

True/False

The realization requirement gives an incentive to own assets that have increased in value and to sell assets whose value has decreased.

---

Definitions:

Private Administration

The management and organizational activities conducted by private sector entities, as opposed to public or governmental administration.

Canadian Medical Association

A national, voluntary association of physicians and medical students in Canada that advocates on national health and medical matters.

Founded

Established or initiated something, such as an organization, company, or institution, at a certain point in time.

Quebec City

The capital city of the Canadian province of Quebec, known for its rich history and French cultural heritage.