Which of the Following Is an Example of a Physical

question 37

Multiple Choice

Which of the following is an example of a physical resource that a company uses to compete with other companies?

• A)Controlling system
• B)Technology
• C)Planning system
• D)Employee skill
• E)Experience of employees

---

Definitions:

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily reflect its market value.

Fair Value

An estimated market value of an asset or liability, derived from current prices in an active market.

Amortization

The act of gently reducing the initial value of an intangible asset over the time it benefits the entity.

Goodwill Impairment

An accounting process where the recorded value of goodwill is adjusted downward if it exceeds the fair value.