An Example of an Asset That Is Both Personal-Use and Personal

question 97

Multiple Choice

An example of an asset that is both personal-use and personal property is:

• A)A computer used solely to email company employees regarding company activities.
• B)A storage building used by the CEO to store personal records.
• C)A computer used solely to monitor the CEO's investments and to complete her Form 1040.
• D)A company airplane used by the CEO for business travel.
• E)All of the assets are personal-use and personal property.

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Definitions:

American Business Culture

Refers to the customs, behaviors, and values that the business community in the United States follows, emphasizing individualism, competition, and a market-driven economy.

Intellectual Property

Legal rights assigned to inventions, designs, artistic works, and symbols, protecting them from unauthorized use.

Unauthorized Use

is the access or use of a resource, device, or property without permission from the owner or governing body.

Copyrights

Legal rights given to creators for the protection of their original work, preventing unauthorized use.