Question 13 The term value in use means A The price at which an asset can be sold in orderly markets B The amount the company would receive by selling the asset in orderly markets, less transaction costs C The expected present value of continuing to use the asset D The price at which someone can buy the asset now Question 14 The IMAs term to describe a situation where one resource can be substituted for another in production, without affecting the costs of the other resources used in production of the outputs, is A Traceability B Interchangeability C Responsiveness D Avoid ability

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Question: Question 13 The term value in use means A. The price at which an asset can be sold in orderly markets B. The amount the

Question 13

The term value in use means

	A.	The price at which an asset can be sold in orderly markets
	B.	The amount the company would receive by selling the asset in orderly markets, less transaction costs
	C.	The expected present value of continuing to use the asset
	D.	The price at which someone can buy the asset now.

Question 14

The IMAs term to describe a situation where one resource can be substituted for another in production, without affecting the costs of the other resources used in production of the outputs, is:

A.Traceability

B.Interchangeability

C.Responsiveness

D.Avoid-ability

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