The Best Analogue to the System of Nested Categories in Taxonomy

question 15

Multiple Choice

The best analogue to the system of nested categories in taxonomy is

• A)the three branches of the federal government.
• B)the academic departments at a university.
• C)the address on a letter.
• D)the teams in major league sports.

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Definitions:

Goodwill

An intangible asset that arises when a business is acquired for more than the fair market value of its net assets, representing the value of the business's reputation, brand, and other unquantifiable assets.

Intangibles

Assets that lack physical substance but possess value, such as patents, trademarks, and goodwill.

Amortization Method

A technique used to gradually write off the initial cost of an asset over a period, reflecting its consumption, wear and tear, or obsolescence.

Intangible Asset

An asset that lacks physical substance, such as intellectual property, brand recognition, and trademarks.