Assets That Are Expected to Provide Economic Benefits for Several

question 108

Multiple Choice

Assets that are expected to provide economic benefits for several years are referred to as

• A)cash assets.
• B)short-term assets.
• C)capital assets.
• D)balance sheet assets.

---

Definitions:

Internalize Externalities

The process of adjusting market prices to account for the external costs or benefits generated by a product or service's production or consumption.

Negative Externalities

Costs imposed on a third party not involved in a transaction, such as pollution from a factory affecting nearby residents.

Technology Spillover

Occurs when technological advances or innovations benefit other sectors or industries, beyond the original intention.

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with environmental, health, and social issues.