Which of the Following Is an Example of an Asset

question 149

Multiple Choice

Which of the following is an example of an asset that might be owned by a minor league baseball team?

• A)salaries owed to its players
• B)the cost of getting tickets printed
• C)reputation as a winning team
• D)the price made for advertising on local radio
• E)all of these

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Definitions:

Transfers

Transactions where wealth or income is redistributed from one party to another without any exchange of goods or services, such as grants or social security payments.

Households

Units of one or more persons living together who make joint decisions on consumption, work, and income generation.

Discrimination Coefficient

A measure in economics and social sciences to quantify the degree of discrimination or bias shown towards or against a particular group or individual.

Wage Differential

The difference between the wage received by one worker or group of workers and that received by another worker or group of workers.