Of the Following Which Istrue About Assets

question 211

Multiple Choice

Of the following which istrue about assets?

• A) Assets include physical and intangible assets.
• B) Assets include only physical assets.
• C) Assets are owned solely by the owner of the company.
• D) Assets are the result of selling products or services to customers.

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Definitions:

Supply Curve

A visual chart demonstrating the link between a product's price and the amount producers are willing to supply.

Movement

In economics, this can refer to changes in market conditions, such as price movements, or the migration of people or capital between regions or sectors.

Excess Supply

A situation where the quantity of a product offered for sale exceeds the quantity demanded at the current price, often leading to a decrease in price.

Market Equilibrium

Market Equilibrium is the point where the quantity of a good or service supplied equals the quantity demanded, leading to a stable market price.