Which of the Following Is an Example of an Intangible

question 71

Multiple Choice

Which of the following is an example of an intangible asset for a manufacturer of padlocks?

• A) a patent on a titanium lock mechanism
• B) money owed to the company by a superstore chain
• C) a machine for forming the locks out of sheet metal
• D) a warehouse for storing locks

---

Definitions:

Bootstrapping

A self-starting process that is supposed to proceed without external input, often used to describe startups that grow without major external funding.

Penny Pinching

The act of being very careful with money, often by trying to reduce spending.

Seed Money

Initial funding used to start a business, often provided by angel investors, friends, or family.

Resources

Assets, materials, or other necessities that are available for use or could be used to achieve goals.