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ICMA FMFQ Exam - Topic 4 Question 40 Discussion

Which of the following would be considered a consumption asset?
D) Food and drink
A) Land
B) Buildings
C) Heavy equipment

ICMA FMFQ Exam - Topic 4 Question 40 Discussion

Actual exam question for ICMA's FMFQ exam
Question #: 40
Topic #: 4
[All FMFQ Questions]

Which of the following would be considered a consumption asset?

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Suggested Answer: D

by Corinne at Jun 22, 2022, 11:51 PM

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Carma
10 months ago
Totally agree, food and drink fit the bill for consumption assets!
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Annice
11 months ago
Wait, are we really calling food a consumption asset? Seems too simple.
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Novella
11 months ago
Heavy equipment is more of a capital asset, not consumption.
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Fabiola
11 months ago
I thought buildings could be considered consumption assets too?
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Lorrie
11 months ago
Food and drink are definitely consumption assets.
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Emilio
11 months ago
I recall that land and buildings are usually long-term assets, so they wouldn’t be consumption assets. I’m leaning towards food and drink as the answer.
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Isidra
11 months ago
I’m a bit confused; I thought heavy equipment could also be considered a consumption asset since it gets used a lot, but maybe it’s more of a capital asset?
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Tawny
11 months ago
I remember a practice question where we discussed the difference between fixed and consumption assets. I feel like food and drink definitely fit the consumption category.
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Ona
11 months ago
I think consumption assets are things that are used up quickly, like food and drink, but I'm not entirely sure if that's the right definition.
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Rodolfo
12 months ago
This question seems straightforward. I think the key is to identify the IBM offering that can rehost the existing sales application on the IBM Cloud.
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Shawnda
12 months ago
The key here is to leverage the Architecture Repository and Solution Building Blocks where possible. That should help streamline the process and ensure the architecture is aligned with the overall Enterprise Architecture.
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Francine
12 months ago
Okay, I remember learning about this in class. Let me see if I can apply the concepts here.
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