Question

The car owned by a person is part of his or her ____. a. investment assets b. liquid assets c. long term assets d. use assets

Answer 1

Answer: Option 'D' is correct

Explanation:

The car owned by a person is a part of his "Use Assets":

As the purpose behind buying the car is to use them for their convenience.

Assets are those resource which have economic values that the owner can expect for a future benefit.

Car can't be liquid assets as only current assets only provide the liquidity .

Investment assets means if owner purchased to use it for transportation to increase the productivity of the firm but as there is not mentioned about it anything.

Hence, Option 'D' is correct.

Answer 2

In the statement "The car owned by a person is part of his or her ____." the word to complete the sentence is D, use assets. An asset is an resource with monetary esteem that an individual, partnership or nation claims or controls with the desire that it will give future advantage. Assets are accounted for on an organization's monetary record, and they are purchased or made to expand the estimation of a firm or advantage the association's operations.