With What Service and Asset Management Configuration Item Must an Asset

question 226

Multiple Choice

With what Service and Asset Management configuration item must an asset be associated to accurately assess its value?

• A) Cost Center
• B) Accounting Code
• C) Depreciation Schedule
• D) Owner

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Definitions:

Abstractions

The process of extracting the underlying essence or general principles of a concept, situation, or phenomenon, often by neglecting concrete details.

Physical Sciences

Branches of science that study inanimate natural objects, including astronomy, chemistry, physics, and earth sciences.

Other-Things-Constant Assumption

The assumption, when focusing on the relation among key economic variables, that other variables remain unchanged; in Latin, ceteris paribus.

Rational Self-Interest

Each individual tries to maximize the expected benefit achieved with a given cost or to minimize the expected cost of achieving a given benefit.