Compared to Tangible Resources, Intangible Resources Are __________ and __________

question 63

Multiple Choice

Compared to tangible resources, intangible resources are __________ and __________.

• A) less visible; more difficult to copy
• B) less visible; less difficult to copy
• C) more visible; more difficult to copy
• D) more visible; less difficult to copy

---

Definitions:

Compensatory Damages

Monetary damages awarded to a plaintiff to compensate for actual loss or injury.

American Institute of Certified Public Accountants

A national professional organization for Certified Public Accountants (CPAs) in the United States, focused on setting ethical standards and auditing procedures.

GAAS

Stands for Generally Accepted Auditing Standards, which are the guidelines auditors follow to ensure their audits are conducted objectively and consistently.

Privity or Near-Privity Rule

A legal principle requiring a close, direct relationship between the parties involved in a contract for a third party to have the right to sue.