Which of These Is Not Always a Characteristic of an Asset

question 16

Multiple Choice

Which of these is not always a characteristic of an asset?

• A)Ability of the benefit to be measured in money terms.
• B)Exclusive control of the economic benefits.
• C)Legal ownership by the entity.
• D)Probable expected future economic benefits.

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Definitions:

Farsighted Organization

An organization that plans and acts with a long-term perspective, focusing on sustainable success rather than immediate gains.

Valuable Human Resource

Refers to employees who are highly beneficial to an organization due to their skills, talents, and contributions.

Labor

The effort by people to produce goods or services that have economic value.

Event Timing Forecast

The prediction of when certain events are likely to occur, often used in planning and strategy development.