When Determining Whether to Record an Asset as a Fixed

question 58

Multiple Choice

When determining whether to record an asset as a fixed asset, what two criteria must be met?

• A) Must be an investment and must be long lived.
• B) Must be long lived and must use the asset in a productive manner.
• C) Must be short lived and must be a tangible asset.
• D) Must be a tangible asset and must be an investment.

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Definitions:

Operant Behavior

Operant behavior is a type of learning where behavior is controlled by consequences, including reinforcements and punishments.

Continual Reinforcement

A reinforcement schedule in which a behavior is reinforced every time it occurs, leading to rapid learning.

Flavor Aversions

The learned avoidance of a particular food or taste after a negative experience, associating it with illness or discomfort.

Organisms

Living beings that carry out essential life processes such as growth, reproduction, and metabolism.