Which of the Following Refers to the Cost of an Asset

question 1

Multiple Choice

Which of the following refers to the cost of an asset?

• A) Basis of property.
• B) Dividend.
• C) Capital gain.
• D) Capital loss.

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Definitions:

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences.

Internality

A personality trait that involves attributing success and failure to one's own efforts and abilities.

Externality

A term in economics that describes a cost or benefit that affects a party who did not choose to incur that cost or benefit.

Internality-Externality

A psychological dimension that distinguishes between individuals who attribute outcomes to their own control (internality) and those who attribute them to external forces (externality).