A fiRm That Manufactures Tyres for Many Different Types of Car

question 2

True/False

A firm that manufactures tyres for many different types of car is an example of a general asset.

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Definitions:

Monthly Installment

A periodic payment made towards the repayment of a loan or debt over a fixed period.

Disaffirmed

Rejected or declared void, often referring to the cancellation of a contract or agreement.

Minority

A group within a society distinguished from the majority by racial, religious, ethnic, or cultural identity, often facing differential treatment or marginalization.

Ratification

The act of formally approving an agreement or contract, making it officially valid.