Which of the Following Is an Accurate Definition of the Term

question 64

Multiple Choice

Which of the following is an accurate definition of the term asset?

• A)An obligation to creditors.
• B)A resource that will be used to produce revenue.
• C)A transfer of wealth from the business to its owners.
• D)A sacrifice incurred from operating the business.

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Definitions:

Coal

A combustible black or brownish-black sedimentary rock, formed from ancient plant matter, used as a fossil fuel.

Oil Shale

A type of sedimentary rock that contains kerogen, a mix of organic compounds from which liquid hydrocarbons can be produced.

Energy Resource

Any natural or artificial substance or mechanism that can be used to produce energy or power.

Fold

A bend in layers of rock or earth's crust caused by stress, resulting in curved or bent strata.