In the Past, Laws Were Based on the Idea That

question 111

Multiple Choice

In the past, laws were based on the idea that:

• A) a husband couldn't sell property without his wife's consent.
• B) men were less responsible than women.
• C) women were weak and in need of protection.
• D) divorced women should receive all of the family property.

---

Definitions:

Natural Resource

Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.

Depreciable Asset

An asset that loses value over time due to usage, wear and tear, or obsolescence, which can be an expense on the income statement over its useful life.

Fixed Asset

A long-term tangible piece of property or equipment that a firm owns and uses in its operations to generate income.

Intangible

Assets that lack physical substance but hold value for a firm, such as patents, trademarks, and goodwill.