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Free CHFP Exam Braindumps (page: 12)

Page 11 of 78
PDF with 310 Questions

What is relatively costly item that allow the organization to deliver service over time?

  1. Equipment
  2. Supplies
  3. Noncurrent asset
  4. Current asset

Answer(s): C



Noncurrent assets require special management attention because of their liquidity and transportability, current assets require special attention because of their cost and extensive time horizon it takes to plan, acquire and manage them.

  1. True
  2. False

Answer(s): B



Assets limited to use, long-term investments, property and equipment are all categories
of:

  1. Current assets
  2. Account investments
  3. Noncurrent assets
  4. None of the above

Answer(s): C



is a measure of how much a tangible asset (such as plant or equipment) has been used up or consumed.

  1. Depreciation
  2. Equity
  3. Retail cost
  4. None of the above

Answer(s): A






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