Short-Lived Goods and Services Which Are Charged Off as They

question 280

Multiple Choice

Short-lived goods and services which are charged off as they are used-rather than depreciated over several years-are called:

• A) nontaxable items.
• B) expense items.
• C) derived items.
• D) durables.
• E) capital items.

---

Definitions:

Reflexes

Involuntary and immediate responses to specific stimuli, such as pulling a hand away from a hot surface, that are crucial for survival.

Habituation

The process by which there is a decrease in response to a stimulus after being repeatedly exposed to it, leading to an adaptation or normalization of response.

Continuous Cycles

A concept in various fields indicating ongoing, repeating phases or processes without a definite endpoint.

Sensorimotor Substage 6

The final phase of Piaget's sensorimotor stage, occurring around 18-24 months of age, where toddlers develop mental representations of objects and are capable of deferred imitation and more sophisticated problem-solving.