________ Are Recognized in Official Documentation of the Organization

question 19

Multiple Choice

________ are recognized in official documentation of the organization.

• A)Work procedure
• B)System documents
• C)Formal systems
• D)Disclosures

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Definitions:

Gain on Disposal

The profit earned from the sale of an asset, calculated as the sale proceeds minus the book value of the asset sold.

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product.

Patent

A patent is a legal right granted to an inventor or assignee, providing exclusive ownership over an invention for a certain period, typically 20 years.

Legal Life

The duration for which legal protection is granted to an intangible asset, such as a patent or copyright.