What Is an Example of an Intangible Property

question 57

Multiple Choice

What is an example of an intangible property?

• A) infrastructure
• B) machinery
• C) leased equipment
• D) advanced computing systems
• E) patent

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Definitions:

Output

The total amount of goods or services produced by a firm, industry, or economy in a given period.

Average Fixed Cost

Fixed production costs (expenses unaffected by output levels) divided over the produced output quantity.

Total Revenue

The overall amount of money generated by a business from its sales activities before any costs or expenses are subtracted.

Flight Attendants

Airline employees responsible for ensuring the safety, security, and comfort of passengers during flight.