Which of the Following Is Representative of Safeguarding Assets

question 135

Multiple Choice

Which of the following is representative of safeguarding assets?

• A)keeping office supplies under lock and key
• B)reducing expense to increase operating profit
• C)increasing operating profit to increase net income
• D)ensuring maximum use of resources

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Definitions:

Level

A stage, degree, or magnitude in a hierarchical system, often used to describe intensity, development, or achievement.

Overextraction

The process of extracting natural resources faster than they can be replenished, leading to depletion or degradation of those resources.

User Cost

The cost of using a durable good or capital, considering factors like depreciation and the opportunity cost of not investing the funds elsewhere.

Extraction Cost

The expenses associated with removing natural resources from the earth or sea, including labor, equipment, and regulatory compliance costs.