An Asset Is ________

question 85

Multiple Choice

An asset is ________.

• A)equal in value to its corresponding liabilities and net worth
• B)a debt for the owner of the asset
• C)a net outflow from the revenues of a producing firm
• D)anything that can be owned and has value

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Definitions:

Room And Board

Room and board refers to the combination of housing and meals that an institution, such as a university or college, provides for its residents.

Redistribution Of Wealth

The transfer of income and wealth from some individuals to others through a social mechanism such as taxation, charity, welfare, public services, land reforms, or monetary policies.

Efficiency

The extent to which time or effort is well used for the intended task or purpose, often with the minimum amount of waste, expense, or unnecessary effort.

Equality

An existence of equality, notably in areas of status, rights, and opportunities.