Final answer:
The correct hybrid measures that have attributes of both cost-based and current value are Fair value, present value, and discounted cash flows. These tools are crucial for analyzing costs and benefits over time in various sectors.
Step-by-step explanation:
Hybrid measures combine elements of both cost-based and current value-based accounting metrics, which offer a more dynamic assessment of an entity's financial status. Answering the question regarding which hybrid measures have attributes of both cost-based and current value, the correct response is D. Fair value, present value, and discounted cash flows. These techniques are particularly useful in a variety of applications outside of strict finance. For instance, the present discounted value is essential in environmental policy decisions, where present costs of pollution control must be weighed against long-term future benefits. Likewise, firms breaking down total costs into various components such as fixed or marginal costs can gain significant insights for strategic decision-making.