Which of the Following Is an Example of an Intangible

question 78

Multiple Choice

Which of the following is an example of an intangible with an indefinite life?

• A)a copyright on a song
• B)a patent on a new technology
• C)the development costs of a new drug
• D)the goodwill value assigned to the excess purchase price when purchasing a company

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Definitions:

Ethics-Based Principles

Moral guidelines that govern the behavior and decision-making of individuals or organizations.

Determination of Rights

The process of legally establishing or affirming individuals' entitlements or privileges under the law.

Organization's Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business or entity.

Ethical Misconduct

Ethical misconduct involves actions or behaviors by an individual or organization that violate ethical standards or principles.