Which One of the Following Is an Intangible Fixed Asset

question 77

Multiple Choice

Which one of the following is an intangible fixed asset?

• A)accounts receivable
• B)patent
• C)inventory
• D)equipment
• E)building

Understand the impact of colonialism on economic development in former colonies.

Explain the main tenets, criticisms, and applications of major development theories including dependency theory and modernization theory.

Define and analyze the role of technological advancements in facilitating globalization.

Discuss the reasons and implications of locating production facilities of developed country companies in underdeveloped countries.

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Definitions:

Proprietorships

A business structure owned by a single individual who is responsible for its liabilities and entitled to its profits.

Corporate Income Tax

A tax imposed on the net income or profit of corporations and other business entities.

Progressive

A tax system where the tax rate increases as the taxable amount increases, making it more burdensome for higher earners.

Excess Burden

The excess burden of a tax is the cost to society in economic welfare that exceeds the revenue raised by the government, often due to distorted market behaviors.