Which of the Following Is an Example of Tangible Assets

question 22

Multiple Choice

Which of the following is an example of tangible assets?

• A)Education
• B)Previous start-up experience
• C)Software and systems for business
• D)Unique knowledge of the industry

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Definitions:

Zero Profit

A situation where a firm's total revenues exactly equal its total costs, resulting in no net gain or loss.

Short-run Equilibrium

A state in a market where supply equals demand within a short-term period, leading to a stable price level temporarily.

Monopolistically Competitive

In a monopolistically competitive market, firms sell products that are not perfect substitutes for each other, leading to some degree of market power but with free entry and exit in the long run.

Positive Profit

A financial gain that occurs when the revenues from business activities exceed the expenses, costs, and taxes needed to sustain the operation.