A company can translate its assets into value if it effectively uses them in the marketplace. The three types of assets are tangible assets, intangible assets, and
A. preliminary assets.
B. fictitious assets.
C. current assets.
D. human assets.
Answer: D
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Seymour owns 3 acres of beautiful waterfront property on a large inland lake. In his will, Seymour donates the land to the state with the understanding that the land will be used as a state beach that anyone may use without paying any fees. This state beach
a. will tend to be overused because it is nonexcludable. b. is a common resource when it becomes crowded on sunny summer weekends. c. is rival in consumption when it becomes crowded on sunny summer weekends. d. All of the above are correct.
Kelly has decided that she would enjoy eating another cupcake. Which of the following statements is consistent with Kelly's decision?
A) Kelly's marginal utility has decreased with a corresponding decrease in total utility. B) Kelly's marginal and total utility remain unchanged. C) Kelly's marginal utility has decreased but it is unclear what has happened to total utility. D) Kelly's total utility has increased but it is unclear what has happened to her marginal utility.