Which of the following is not a major characteristic of a plant asset?
a. Possesses physical substance
b. Acquired for resale
c. Acquired for use
d. Yields services over a number of years
Answer: b. Acquired for resale
Business
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Which characteristic is not possessed by intangible assets?
a. Physical existence. b. Short-lived. c. Result in future benefits. d. Expensed over current and/or future years.
Business
An individual who recruits agents to sell insurance within a certain geographical area is
A) a broker B) a general agent C) a special agent D) a career agent"
Business