4, Managerial Cost Accounting Concepts and Standards for the Federal Government, as the monetary value of resources used or sacrificed or liabilities incurred to achieve an objective, such as to acquire or produce a good or to perform an activity or service (page 105).
Resources and liabilities have monetary value that can be quantified.
Resources are not used to produce goods or perform services.
A woman is teaching science in a classroom.
People are playing sports.
A young child outside playing is holding a big blue ball.
A man vacuums.
A man is playing Dance Dance Revolution.
The evaluation questions are actually just sentences. There are no questions.