Intangible Assets Are the Rights and Privileges That Result from Ownership

question 108

Multiple Choice

Intangible assets are the rights and privileges that result from ownership of assets that

• A)must be generated internally.
• B)benefit only the current period.
• C)may have physical substance.
• D)do not have physical substance.

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Definitions:

Variable

A measure that can change from time to time or from observation to observation.

Causality

Describes a relationship where one event (the cause) directly affects the outcome of another event (the effect).

Normative Question

Involves value judgments about what ought to be and discusses what should be done based on subjective criteria.

Regressive Nature

Regressive nature typically refers to a situation or policy that disproportionately affects those with lower incomes more adversely than those with higher incomes.