Which of the Following Terms Is Applied to Long-Term Assets

question 119

Multiple Choice

Which of the following terms is applied to long-term assets that have no physical substance and provide rights,privileges and special opportunities to businesses?

• A)Tangible assets
• B)Intangible assets
• C)Natural resources
• D)Property,plant and equipment

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Definitions:

Mercury

The smallest and innermost planet in the Solar System, known for its swift orbit around the sun.

Sun

The Sun is the star at the center of the Solar System, around which the Earth and other planets orbit.

Decimal Notation

A method of writing numbers in terms of digits and decimal points to represent fractions and real numbers.

Sum

The outcome obtained by summing two or more numbers or amounts.