The Common Characteristic Possessed by All Assets Is

question 92

Multiple Choice

The common characteristic possessed by all assets is

• A) long life.
• B) great monetary value.
• C) tangible nature.
• D) future economic benefit.

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Definitions:

Personal Defense

Measures or actions taken by an individual to protect themselves against harm or danger.

Negotiable Instrument

An official note promising the payment of a designated amount of money, either immediately upon asking or at a fixed time, with the individual who is to pay mentioned in the note.

Lack of Delivery

Failure to physically transfer a product, item, or document to its recipient or to fulfill a promise or obligation by the agreed-upon date.

Promissory Note

A written promise to pay a specified sum of money to a designated person at either a fixed or determinable future time.