A Physical Asset Is

question 310

Multiple Choice

A physical asset is:

• A) a tangible asset that can be used to generate income and whose owner has the right to dispose of it at will.
• B) a paper claim that entitles the owner to future income from the seller.
• C) the value of accumulated savings.
• D) human capital.

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Definitions:

Henry Towne

An influential figure in the field of industrial engineering and management, known for his contributions to scientific management.

Management

The process of planning, organizing, leading, and controlling resources within an organization to achieve its goals efficiently and effectively.

Sustainability

The ability to maintain or improve the quality and longevity of a resource, practice, or system without depleting the contributing elements it requires.

Nonprofits

Entities designed to serve the public or community benefits without seeking commercial or monetary profits for their owners or stakeholders.