The Cost of a New Asset Acquired in an Exchange

question 34

Multiple Choice

The cost of a new asset acquired in an exchange that has commercial substance is the cash paid plus the

• A) book value of the old asset.
• B) fair market value of the old asset.
• C) book value of the asset acquired.
• D) fair market value of the new asset.

Comprehend the concept of corporate intelligence and the ethical boundaries that define its proper use.

Understand the concept of conflicts of interest and their implications in business settings.

Understand different types of slope failures and their characteristics.

Identify the factors that contribute to slope failures.

---

Definitions:

Lower-order Needs

Basic human needs in Maslow’s hierarchy, such as physiological and safety needs, which must be satisfied before higher-order needs can be pursued.

Maslow's Hierarchy of Needs Theory

A psychological theory that categorizes human needs into a five-level pyramid, starting from basic physiological needs to self-actualization.

Higher-order Needs

Psychological needs that are associated with personal achievement, self-respect, and the recognition and respect of others.

Practical Managerial Questions

Real-world, applied queries that managers address to solve operational problems and improve organizational performance.