Which of the Following Adjectives Best Describes Products That Would

question 137

Multiple Choice

Which of the following adjectives best describes products that would be classified as goods?

• A) nonperishable
• B) convenient
• C) disposable
• D) tangible
• E) heterogeneous

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Definitions:

Chattels

Personal property or movable possessions, as opposed to real property which includes land and buildings.

Intangible Property

Assets that do not have a physical presence yet hold value, such as intellectual property, copyrights, patents, and trademarks.

Chose in Action

A personal right to property which can only be claimed or enforced through legal action, not by taking physical possession.

Intellectual Property

Refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names, and images used in commerce.