To Reduce the Potential for Theft, Fixed Assets Should Be

question 34

Multiple Choice

To reduce the potential for theft, fixed assets should be:

• A) engraved or otherwise permanently labelled.
• B) periodically inventoried.
• C) physically protected whenever possible.
• D) all of the above

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Definitions:

False Representation

An untrue statement of fact made by one party to another, which induces the latter to enter into a contract.

Consideration

An essential element in contract law, referring to something of value exchanged between parties.

Fraudulently Misrepresented

The act of deliberately providing false or misleading information with the intent to deceive in a contractual agreement.

Disaffirm

The legal right of a minor or other parties to void or cancel certain types of contracts, to protect against exploitation.