Which of the Following Assets Held by a Retail Business

question 31

Multiple Choice

Which of the following assets held by a retail business is a § 1231 asset?

• A)Inventory.
• B)A machine used in the business and held less than one year.
• C)A factory building used in the business and held more than one year.
• D)Accounts receivable.
• E)All of the above.

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Definitions:

Behavior Modification

A method aiming to change potentially self-destructive or unhealthy behaviors through techniques such as reinforcement and conditioning.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Cognitive-Behavioral Therapy

A psychotherapeutic treatment that helps individuals understand the thoughts and feelings that influence behaviors, aimed at changing negative thought patterns and behaviors.