Plant Assets May Properly Include

question 174

Multiple Choice

Plant assets may properly include:

• A) property held for investment purposes.
• B) land held for possible use as a future plant site.
• C) deposits on machinery purchased and not yet received.
• D) idle equipment awaiting sale.
• E) self-constructed assets currently in use.

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Definitions:

Potential Competitors

Potential competitors are businesses or entities not currently in a market but have the capability and interest to enter the market and compete for the same customer base.

Price-sensitive

Describes consumers or markets that are highly responsive to changes in price, where price changes can significantly impact demand.

Customer Service

Activities and support provided by a company to its customers before, during, and after a purchase to enhance satisfaction and loyalty.

Consumer Income

The total amount of income available to an individual or household for spending, saving, or investment after taxes.