A Contentious Issue with Heritage Assets Is Valuation

question 17

Multiple Choice

A contentious issue with heritage assets is valuation.This is a concern because:

• A) For some heritage assets no market really exists to determine fair value.
• B) As heritage assets are by their nature unique, it is difficult to compare them with similar assets.
• C) Those entities charged with responsibility for heritage assets usually don't have the discretion to dispose of them, so 'market value' has no relevance.
• D) Heritage assets generally create negative cash flows and so using discounted cash flows to establish value is impractical.
• E) All of the given answers.

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Definitions:

Transaction

An exchange or interaction between people, which can be financial, emotional, or social.

Safest Form

A term that could apply to various contexts, indicating the method or approach with the least risk or harm involved.

Psychological Payoff

is the benefit or reward that an individual receives from engaging in a certain behavior, even if it is maladaptive.

Interpersonal

Relating to relationships or interactions between people.