asset

问题如下：

Q. Assets developed through a public–private partnership typically involve:

选项：

A.long-lived fixed assets intended for public use. B.ownership capital used in the early life cycle of a venture. C.commercial real estate where private business activity is the primary cash flow source.

解释：

A is correct. In a public–private partnership (PPP), both governments and private investors are involved in funding and completing long-lived fixed assets intended for public use and/or to provide essential services. B is incorrect because ownership capital used for non-public companies in the early life cycle of a venture pertains to venture capital, not to public–private partnerships. C is incorrect because typically a public–private partnership is used to fund and develop infrastructure (i.e., long-lived fixed assets intended for public use and to provide essential services), not commercial real estate for private business activity.