Intangible Resources Include

question 87

Multiple Choice

Intangible resources include:

• A)a good location,cash,and capable business partners.
• B)a good reputation,a respected brand name,and an extensive personal network.
• C)intellectual property rights,equipment,and technology.
• D)capable business partners,intellectual property rights,and equipment.

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Definitions:

Freight Costs

Expenses associated with transporting goods from one place to another, which could include shipping, trucking, and other logistical expenses.

Operating Expense

Expenses incurred through normal business operations, such as rent, utilities, and payroll, exclusive of cost of goods sold.

Refund Liability

An obligation recorded by a business to return funds to a customer for returned or unsatisfactory goods or services.

Deferred Revenue

Income received in advance for products or services which is recorded as a liability until it is earned.