Which of the Following Is the Principle That If an Item

question 52

Multiple Choice

Which of the following is the principle that if an item is transferred from one person to another,the transferee acquires all the rights to transfer or have in the item?

• A) The shelter principle.
• B) The transfer principle.
• C) The transferee principle.
• D) The transferor principle.
• E) The holder principle.

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Definitions:

Opportunity Cost

The missed opportunity for profit from different options when a specific choice is made.

Resources

Assets, materials, and inputs used to produce goods and services, including land, labor, capital, and entrepreneurship.

Mental Accounting

A concept in behavioral economics where individuals categorize and treat money differently depending on its origin, intended use, or other subjective criteria, affecting spending and investment decisions.

Loss Aversion

A cognitive bias reflecting the tendency for people to prefer avoiding losses to acquiring equivalent gains, suggesting that losses are perceived as more severe than gains.