Which of the Following True of Assets

question 2

Multiple Choice

Which of the following true of assets?

• A)Assets should be recognized only when it is probable that future economic benefits will flow to the enterprise.
• B)Assets should be recognized when it is probable that an outflow of resources will be required to settle them.
• C)Asset is defined as decrease in equity, other than from transactions with owners.
• D)A resource must be owned for it to be recognized an asset of the enterprise.

Evaluate the compliance of contractual terms with employment standards.

Describe the criteria for justified occupational requirements.

Understand employee entitlements upon dismissal.

Recognize strategies and legal provisions for correcting workplace discrimination.

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Definitions:

Repeat Business

The act of customers returning to purchase goods or services from a business multiple times.

Repeat Business

The act of a customer returning to purchase products or services from a business multiple times, indicating satisfaction and loyalty.

American Management Association

A professional organization aimed at promoting management development and educational practices in the United States.

Personal Attack

An argumentative strategy where the focus is shifted from the issue at hand to the character of the opponent, often involving insults or accusations.