Obsolescence

question 189

Multiple Choice

Obsolescence:

• A)Occurs when an asset is at the end of its useful life.
• B)Refers to a plant asset that is no longer useful in producing goods and services with a competitive advantage.
• C)Refers to the insufficient capacity of a company's plant assets to meet the company's productive demands.
• D)Occurs when an asset's salvage value is less than its replacement cost.
• E)Does not affect plant assets.

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Definitions:

Glass Cliff

A phenomenon where women or minority group members are more likely to be promoted to leadership positions during times of crisis or organizational instability, which may set them up for failure.

Leadership Positions

Roles or titles within an organization that entail guiding, directing, or influencing others.

Women

Female humans; also refers to issues, concepts, and perspectives related to femininity or the female gender.

Uncertainty Avoidance

A cultural dimension that describes the degree to which societies are willing to tolerate uncertainty and ambiguity.