Of the Following,which Is True About Assets

question 74

Multiple Choice

Of the following,which is true about assets?

• A) Assets include both physical and intangible items.
• B) Assets include only physical items.
• C) Assets are the personal property of the stockholders of the company.
• D) Assets are the result of selling products or services to customers.

---

Definitions:

Purchasing Power

The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.

Public-Works Projects

Government-funded projects designed to create infrastructure benefiting the public, such as roads, bridges, and schools.

Direct Relief

A form of assistance given directly to needy individuals and families by government or charitable organizations, typically in the form of food, housing, or medical aid.

Industrial Wages

The payment or compensation given to workers in manufacturing, factories, and other sectors within the industrial part of the economy.