Intellectual Property Is Intangible Creative Work That Is Embodied in Physical

question 107

True/False

Intellectual property is intangible creative work that is embodied in physical form and includes copyrights, trademarks, and patents.

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Definitions:

Goodwill

An intangible asset representing the value of a company's brand name, solid customer base, good customer relations, good employee relations, and any patents or proprietary technology.

Legal Entity

A legally constituted organization that has the authority to enter into contracts, sue and be sued, and own assets separately from its owners or members.

Consolidation

The act of merging multiple entities into one, often to streamline operations and reduce costs, or in financial terms, combining financial statements of parent and subsidiary companies.

Subsidiary

A company that is controlled by another company, typically referred to as the parent company.