An Asset Which Derives Its Value Because of a Contractual

question 4

Multiple Choice

An asset which derives its value because of a contractual claim is

• A)Financial asset
• B)Non financial asset
• C)Fictitious asset
• D)Fixed asset

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Definitions:

Social-cognitive

Pertaining to the understanding of social interactions and the processing of social information through learning, observation, and cognition.

Cognitive Ability

The capacity to perform higher mental processes of reasoning, remembering, understanding, and problem solving.

Continuous Change

A process where variables or conditions evolve over time without abrupt interruptions.

Discontinuous Change

Abrupt, non-linear transformations in development or processes that can significantly alter conditions or outcomes.