Which of These Does Not Fit the Accounting Definition of an Asset

question 25

Multiple Choice

Which of these does not fit the accounting definition of an asset?

• A) Goodwill
• B) Employee skills and experience
• C) Land
• D) Accounts receivable

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Definitions:

Exert Less Effort

The phenomenon where individuals decrease the amount of physical or mental energy put into tasks, often observed when they perceive less reward or recognition.

Working Alone

The act of performing tasks or duties without the aid or presence of others.

Groupthink

A psychological phenomenon in which people strive for consensus within a group to the extent that they set aside their own personal beliefs or adopt the opinion of the rest of the group.

Impaired Decision Making

A reduction in the ability to make logical, considered decisions, potentially due to cognitive limitations, emotional factors, or neurological issues.