An Asset Is ________ When Another Asset Can Do the Job

question 118

Multiple Choice

An asset is ________ when another asset can do the job more efficiently.

• A)fully depreciated
• B)old
• C)physically worn
• D)obsolete

---

Definitions:

Bell-shaped Distribution

A graphical representation of data where most values cluster around a central region, with fewer and fewer appearing as one moves away towards the extremes; commonly known as a normal distribution.

Normal Curve

A symmetrical, bell-shaped curve that represents the distribution of many types of data where most scores fall near the middle, with fewer scores at the extremes.

Positively Correlated

When two variables move in the same direction, meaning that as one variable increases, the other also increases, or as one decreases, the other also decreases.

Height

A measurement of an individual’s stature from the bottom of the feet to the top of the head when standing upright.