Once an Activity Is Begun,it Is Assumed to Be Half

question 32

Multiple Choice

Once an activity is begun,it is assumed to be half done under the:

• A)"Once begun,half done" rule.
• B)Minimal effort rule.
• C)Midway rule.
• D)50/50 rule.

---

Definitions:

Market Value

The existing cost for buying or selling an asset or company in the market.

Taxable Income

The amount of an individual's or entity's income used to determine how much tax is owed, calculated by deducting allowable deductions and exemptions from gross income.

Tangible Asset

Physical and material assets that can be seen, touched, or quantified, such as machinery, buildings, and inventory.

Goodwill

The intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets.