Long-Term Assets Generally Include

question 28

Multiple Choice

Long-term assets generally include:

• A) Inventory held for sale.
• B) Prepaid rent.
• C) Accounts receivable.
• D) Land held for a possible future plant site.

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Definitions:

Consumers

Individuals or organizations that use or intend to use goods and services generated within the economy, fulfilling their needs and desires.

Utility

The benefits or customer value received by users of the product.

Retailing

All activities involved in selling, renting, and providing products and services to ultimate consumers for personal, family, or household use.

Marketing Activity

Any action or task carried out by a company to promote and sell its products or services, including advertising, promotions, and public relations.