Describe the state of an object and explain its relation to attribute and object identity
What will be an ideal response?
An object has a set of attributes and these attributes accept a range of values. The combination of these attributes and their associated values constitute the state of an object: an infant boy grows to be a 80-year-old man; a sapling becomes a tree; a student becomes a graduate. While the identity of the object remains the same, its state might change.
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An inherent risk related to asset impairment is management is not typically interested in writing down the asset value
a. True b. False Indicate whether the statement is true or false
Eastinghome Inc. just paid $8,000 to a landowner to explore for but not extract valuable minerals. If the landowner invests the money at a rate of 5.5% compounded annually for 7 years what is the investment worth at the end of that time period?
A) $5,499.49 B) $11,637.43 C) $56,000.00 D) $66,135.15
If you were required to estimate the average return for one category of securities for the coming year, history tells us that you should have the greatest degree of confidence estimating which of the following?
A) Long-term government bonds B) 3-month U.S. Treasury bills C) Small-company stocks D) Large-company stocks
A company, university, or nonprofit organization that supports promising businesses in their initial stages of development is called a(n)
A) angel investor. B) entrepreneur. C) incubator. D) venture capitalist.