For a Firm to Recognize an Asset

question 108

Multiple Choice

For a firm to recognize an asset

• A)a resource must represent a future economic benefit that the firm controls as a result of a past transaction or exchange.
• B)the firm must be able to measure the resource with sufficient reliability.
• C)must impose a future economic sacrifice because of a past event or transaction that the firm has little or no discretion to avoid.
• D)Both choices a and b are correct.
• E)None of these answer choices is correct.

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Definitions:

Primary Reinforcer

A directly rewarding stimulus that satisfies basic biological needs, such as food or water.

Spontaneous Recovery

The reappearance of a learned response after its apparent extinction, often occurring in the absence of further conditioning.

Extinct

A term describing a species, family, or larger group of organisms that no longer exists.

Systematic Desensitization

A behavioral therapy method used to gradually reduce phobia or anxiety through controlled exposure to the feared object or situation in conjunction with relaxation techniques.