What Is the Main Difference Between Real Assets and Financial

question 23

Multiple Choice

What is the main difference between real assets and financial assets?

• A)Real assets are tangible and financial assets are intangible.
• B)Real assets have known values, while the values of financial assets are not known.
• C)Real assets are intangible and financial assets are tangible.
• D)Real assets have unknown values, while the values of financial assets are known.

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Definitions:

Direct Labor

The wages and related expenses for workers who are directly involved in the production of goods.

Cost of Tracie's Direct Labor

The cost of Tracie's direct labor refers to the wages and associated expenses for the hours worked directly on products or services by Tracie, as an example of an employee's labor costs.

Budgeted Data

A financial plan for the future concerning the revenues and costs of a business.

Production Needs

Refers to the requirements necessary to complete the manufacturing process, including raw materials, labor, and machinery.