Which of the Following Terms Refers to Desirable End-States, I

question 99

Multiple Choice

Which of the following terms refers to desirable end-states, i.e., the goals a person would like to achieve during his lifetime?

• A) espoused values
• B) enacted values
• C) realistic values
• D) terminal values
• E) instrumental values

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Definitions:

Net Realizable Value

The estimated selling price of goods, minus the cost of their sale or completion.

Exit Value

The estimated amount that an asset or investment could be sold for at the end of its useful life.

Economic Resource

Assets or inputs that have the potential to contribute to the production of goods and services, providing economic benefit to businesses or individuals.

Asset

Resources owned or controlled by a business, projected to bring future economic benefits.