Assets that cannot be acquired in small increments, but instead must be obtained in large, discrete units, are referred to as _____.
A) current assets
B) lumpy assets
C) spontaneously generated assets
D) excess capacity assets
E) long-term assets

Question

Quizplus · Accepted Answer

Lumpy assets are assets that cannot be acquired in small increments, but instead must be obtained in large, discrete units. Current assets are assets that are expected to be converted to cash within one year, spontaneously generated assets are assets that arise naturally as a result of business operations, excess capacity assets are assets that are not being fully utilized, and long-term assets are assets that have a useful life of more than one year.

Assets That Cannot Be Acquired in Small Increments, but Instead