Which One of the Following Is an Intangible Asset

question 12

Multiple Choice

Which one of the following is an intangible asset?

• A)goodwill
• B)retained earnings
• C)deferred income taxes
• D)treasury stock

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Definitions:

Gut Feelings

Intuitive judgments and responses that one cannot articulately rationalize, often based on experience.

Intuition

The capacity to grasp concepts intuitively, without relying on deliberate thought.

Rapidly Formed

Quickly developed or put together, often with little preparation or forethought.

Representativeness Heuristic

A cognitive shortcut that involves making decisions based on how closely new information resembles existing stereotypes or prototypes.