Which of the Following Is NOT an Asset

question 28

Multiple Choice

Which of the following is NOT an Asset?

• A) Cash
• B) Accounts Receivable
• C) Buildings
• D) All of the above are Assets.

Identify the factors contributing to the value and efficiency of land use in different locations.

Grasp the concept of economic rent and its relation to land and profits.

Understand the implications of corporate losses and their impact on the economy.

Identify the importance of capital stock increases and the factors contributing to it.

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Definitions:

Profits

The financial gain realized when the revenue earned from economic activities exceeds the expenses, costs, and taxes associated with sustaining the activity.

Firms

Business entities engaged in commercial, industrial, or professional activities, either for profit or as a nonprofit.

Perfectly Competitive

a market structure characterized by a large number of small firms, a homogeneous product, perfect information, and no barriers to entry or exit.

Patents

Legal documents granting an inventor exclusive rights to produce, use, and sell their invention for a specific period of time.