Ontario Security Guard License Practice Test 2025 – Comprehensive All-in-One Guide for Exam Success!

Question: 1 / 420

What is not considered an asset?

Property

People

Ideals

Ideals are classified as abstract concepts or beliefs that do not have tangible value in a financial sense. In the context of business and accounting, assets are typically defined as resources that have economic value and can provide future benefits.

Property, such as real estate or equipment, is a physical asset that can be quantified and valued. People can also be considered an asset in a broader sense, particularly in terms of human capital, which encompasses the value and skills that individuals bring to an organization. In contrast, ideals, while they may hold intrinsic value in terms of guiding principles or organizational culture, do not represent an economic resource that can be directly measured or converted into cash or equity.

Therefore, identifying ideals as not being considered an asset aligns with the standard definition of assets within financial and business contexts.

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None of the above

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