Which of the Following Is a Consumption Asset

question 7

Multiple Choice

Which of the following is a consumption asset?

• A) The S&P 500 index
• B) The Canadian dollar
• C) Copper
• D) IBM stock

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Definitions:

Bookkeeping

The systematic recording, organizing, and managing of financial transactions for a business or individual.

Investigations

The systematic examination or inquiry into something to uncover facts, gather evidence, or determine the truth.

Sole Proprietorship

A business owned and operated by one person, where there is no legal distinction between the owner and the business entity.

Obligations

Duties or responsibilities enforced by law, contract, or moral principles.