Which Characteristic Is Not Possessed by Intangible Assets

question 54

Multiple Choice

Which characteristic is not possessed by intangible assets?

• A) Physical existence.
• B) Identifiable.
• C) Result in future benefits.
• D) Expensed over current and/or future years.

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Definitions:

Mental Resources

Cognitive capabilities and emotional resilience an individual can draw upon to perform tasks or face challenges.

Decision Making

The method of selecting options through recognizing a decision, collecting data, and evaluating different solutions.

Net Benefits

The total positive effects or gains from a decision or action minus any negative effects or costs associated with it.

Prospect Theory

A behavioral economics theory of preferences having three main features: (1) people evaluate options on the basis of whether they generate gains or losses relative to the status quo; (2) gains are subject to diminishing marginal utility, while losses are subject to diminishing marginal disutility; and (3) people are prone to loss aversion.