What Is the Distinguishing Feature of a Tangible Asset Compared

question 5

Multiple Choice

What is the distinguishing feature of a tangible asset compared to other fixed assets?

• A) A tangible asset has a physical substance.
• B) A tangible asset is subject to a reduction of its value over time.
• C) A tangible asset is a long-lived asset.
• D) A tangible asset is used in the course of the operations of the business and is not acquired for the purpose of resale.

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Definitions:

Creeping Bureaucracy

The gradual increase in bureaucratic layers and processes within an organization, leading to decreased efficiency and flexibility.

Large New Firms

Newly established companies that start operations on a large scale, usually with significant capital investment and staffing.

Creeping Bureaucracy

The gradual increase in bureaucratic layers within an organization, often leading to decreased efficiency and increased complexity.

TQM

Total Quality Management; a management approach focused on improving the quality of an organization's outputs, including goods and services, through continual feedback and refinement.