The Term, Obsolescence, as It Relates to the Useful Life

question 229

Multiple Choice

The term, obsolescence, as it relates to the useful life of an asset, refers to:

• A) The end of an asset's useful life.
• B) Intangible assets that have been fully amortized.
• C) The insufficient capacity of a company's plant assets to meet the company's productive demands.
• D) A plant asset that is no longer useful in producing goods and services with a competitive advantage.
• E) An asset's salvage value becoming less than its replacement cost.

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Definitions:

Unconditioned Stimulus

In classical conditioning, it is any stimulus that can naturally and automatically trigger a response without prior learning.

Conditioned Response

A learned reaction to a conditioned stimulus that occurs because of previous conditioning, often discussed in the context of classical conditioning.

Conditioned Response

A learned response to a previously neutral stimulus that, after association with an unconditioned stimulus, elicits a reaction.

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without prior conditioning or learning.