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At one time, aircraft had constant rather than blinking lights on the wingtips. When pilots in formation tried to follow the constant lights of the aircraft in front of them, they veered off course. This is perhaps best explained by
Intangible Assets
Assets that cannot be physically touched or held, such as patents, trademarks, and goodwill.
Tangible Assets
Physical and material assets, such as machinery, buildings, and land, that have a value and can be seen and touched.
Comparable Business
A company or business model similar in size, scope, or industry to another, used for benchmarking or competitive analysis.
Expense Ratios
A measure of what an investment fund charges its shareholders for portfolio management, expressed as a percentage of the fund's assets.
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