Which of the Following Does NOT Represent an Essential Characteristic

question 42

Multiple Choice

Which of the following does NOT represent an essential characteristic of an asset?

• A) They represent a present economic resource.
• B) The entity is able to transfer the economic benefit if it so chooses.
• C) The entity has control over the resource.
• D) The resource results from a past transaction or event.

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Definitions:

Communication Benefits

Advantages gained from effective exchange of information, such as improved understanding, stronger relationships, and enhanced collaboration.

Presentation

The act of showing and explaining the content of a topic to an audience, often involving visual aids, speech, and interaction.

Unconditional Positive Regard

Accepting and respecting others as they are without judgment or evaluation.

Humanistic Psychologists

Psychologists who emphasize an individual's inherent drive towards self-actualization and creativity, focusing on personal growth and potential.