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The text points out that the best way to make choices is by default.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and goodwill, that have value and can produce future economic benefits.
Balance Sheet
A report that outlines the total assets, obligations, and equity of shareholders of a company at a given time.
Par Value
The face value of a bond or stock as specified by the issuing company, which has little relation to its market value.
Market Value
The price at which an asset would trade in a competitive auction setting.
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