Which of the Following Statements in Relation to Non-Current Assets

question 22

Multiple Choice

Which of the following statements in relation to non-current assets is untrue?

• A)They are held for sale or consumption.
• B)They may be tangible or intangible.
• C)May vary in classification according to the nature of the business.
• D)They are generally held for generating wealth.

---

Definitions:

Random Walk

The path of a variable whose changes are impossible to predict.

Marginal Utility

The additional satisfaction or usefulness gained from consuming one more unit of a good or service.

Risk-averse

Describes individuals or entities that prefer to avoid risk and would rather choose a certain outcome over a gamble with a potentially higher, but uncertain, return.

Diminishing Marginal Utility

An economic principle that asserts the added satisfaction a consumer gains from consuming one more unit of a good or service decreases with each additional unit consumed.