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What is not considered an asset?

  1. Property

  2. People

  3. Ideals

  4. None of the above

The correct answer is: Ideals

The correct answer is "Ideals." In the context of asset identification, assets are typically defined as tangible or intangible items that have value and contribute to an organization's ability to achieve its objectives. Property includes physical assets like buildings and equipment, and people represent human resources, including skills and knowledge. Ideals, while important for guiding principles and values within an organization, do not hold tangible economic value and are not operational resources that can be quantified or utilized in the same way as property or human capital. Thus, ideals are not categorized as assets but rather as concepts that may influence culture and decision-making.