Which of the Following Statements Is True Concerning Assets

question 75

Multiple Choice

Which of the following statements is true concerning assets?

• A)Assets represent future economic sacrifices.
• B)Assets are expired costs.
• C)Assets become expenses at the time they are paid in cash.
• D)Assets become expenses when their economic benefits expire.

---

Definitions:

Social Resources

Social Resources are the networks and connections individuals have that can provide support, information, and access to opportunities.

Personality Traits

Fundamental features that define and differentiate individuals' patterns of behavior, thought, and emotion.

Best Performance

The highest level of achievement or excellence that an individual or organization has demonstrated in a particular activity or field.

Attitudes

The evaluations, feelings, and behavioral tendencies directed towards people, objects, or concepts.