Obsolescence

question 167

Multiple Choice

Obsolescence:

• A)Occurs when an asset is at the end of its useful life.
• B)Refers to a plant asset that is no longer useful in producing goods and services.
• C)Refers to the insufficient capacity of a company's plant assets to meet the company's productive demands.
• D)Occurs when an asset's salvage value is less than its replacement cost.
• E)Does not affect plant assets.

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Definitions:

Business Ethics And Conduct

Refers to the moral principles and standards that guide behavior in the world of business.

Federal Sentencing Guidelines

Rules that set out a uniform policy for sentencing individuals and organizations convicted of felonies and serious misdemeanors in the United States.

Individual Values

Personal or intrinsic beliefs and principles that guide an individual's behavior and decision-making processes.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or virtual territory, subject to the same political authority and dominant cultural expectations.