Why Is a Physical Inventory of Existing Fixed Assets Carried

question 16

Multiple Choice

Why is a physical inventory of existing fixed assets carried out on a regular basis?

• A) To check that the assets are used in more than one period.
• B) To check that the assets do physically exist.
• C) To check that the assets are properly depreciated.
• D) None of these.

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Definitions:

Buyer's Needs

The requirements, desires, or expectations that consumers have when looking for a product or service.

FAB Formula

A sales technique focusing on the features, advantages, and benefits of a product, designed to present its value proposition effectively.

Customer Profile

A detailed description of the characteristics, behaviors, and demographics of a business's typical customers.

Analogy

A comparison between two different situations that have something in common.