A Manager Refuses to Replace an Existing Asset Even Though

question 45

Multiple Choice

A manager refuses to replace an existing asset even though an extensive analysis indicates that replacement is desirable.One possible explanation for the manager's action is that:

• A) A financial loss may be reported in the current period if the asset is replaced.
• B) The manager is concerned that his or her superior may think that the original asset purchase was a mistake on the part of the manager.
• C) The manager expects to be promoted or transferred in the near future and is concerned primarily about short-term performance.
• D) All of these answers are correct.

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Definitions:

Equal Rights Amendment

A proposed amendment to the U.S. Constitution aimed at guaranteeing equal legal rights for all American citizens regardless of sex.

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A landmark 1896 Supreme Court decision that upheld racial segregation laws for public facilities as long as the segregated facilities were equal in quality.