Which One of the Following Is an Example of an Intangible

question 205

Multiple Choice

Which one of the following is an example of an intangible asset?

• A) Accounts receivable.
• B) Inventory.
• C) Accounts payable.
• D) Furniture.
• E) Patent.

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Definitions:

Actual Performance

The real, observed output or results of an individual’s or team’s work activities, as opposed to expected or theoretical performance.

Performance Expectations

The standards and criteria set by an organization or manager used to evaluate an employee's job performance.

Performance Deviations

Differences between actual performance and planned or expected outcomes, indicating areas that may require adjustments or improvements.

Corrective Action

An action taken to rectify or eliminate the cause of a detected non-conformance, defect, or other undesirable situation to prevent recurrence.