The Earnings of a Factor in Its Best Alternative Use

question 37

Multiple Choice

The earnings of a factor in its best alternative use is called its

• A)intrinsic value.
• B)alternative value.
• C)transfer earnings.
• D)economic earnings.
• E)economic profit.

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Definitions:

Negotiable Instrument

A written and signed document promising a specified amount of money to a specified person or bearer on demand or at a future date.

Altered

Changed in character, form, or function; often referring to modifications that affect the integrity or original condition of an item or document.

Transferor

A transferor is a party who transfers rights, titles, or interests in a property or contract to another party, known as the transferee.

Transferee

An individual or entity that receives property, rights, or interest from another through a lawful transfer.