A Computer Used in a Business Office by the Office

question 256

Multiple Choice

A computer used in a business office by the office manager is classified as:

• A) A current asset.
• B) An intangible asset.
• C) Net working capital.
• D) A tangible asset.
• E) An inventory item.

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Definitions:

Clustering

The act of grouping a set of objects in such a way that objects in the same group are more similar to each other than to those in other groups.

Performance Advantage

A competitive edge that a company or economy holds, due to factors like superior efficiency, technology, or innovations, contributing to better performance.

Industries

Sectors of the economy that are categorized based on their primary business activities, such as technology, manufacturing, and services.

Labor To Capital Ratio

The ratio measuring the relative amounts of labor and capital used in the production process.