Which term best describes the ongoing costs associated with running an asset?

The correct choice refers specifically to the ongoing costs of operating an asset over its useful life. These costs include expenses such as maintenance, repairs, utilities, and salaries for personnel involved in the asset's operation. By focusing on these recurring expenditures, it allows organizations to plan their budgets more effectively, ensuring they have the necessary resources to maintain their operations.

CapEx, on the other hand, relates to capital expenditures, which are the one-time costs incurred to acquire or upgrade physical assets, like buildings or machinery. These are not ongoing expenses but rather investments made to enhance or maintain an organization’s asset base.

The term "Green Premium" refers to the additional costs associated with sustainable or environmentally friendly practices and products compared to conventional options. This does not accurately capture the concept of ongoing costs but rather speaks to a potential price differential.

Asset liquidity describes how easily an asset can be converted into cash without affecting its market value. While liquidity is a key financial concept, it does not pertain to the costs of running an asset, but rather its ability to be sold quickly in the market.

Focusing on the nature of ongoing operational expenses, the chosen term highlights the financial realities that businesses face in managing their assets effectively.