Intangible Assets Are the Rights and Privileges That Result from Ownership

question 187

Multiple Choice

Intangible assets are the rights and privileges that result from ownership of long-lived assets that

• A)must be generated internally.
• B)are depletable natural resources.
• C)have been exchanged at a gain.
• D)do not have physical substance.

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Definitions:

Sympathy Strike

A work stoppage by workers in one industry intended to show support for striking workers in a different industry or company.

NLRA

A key piece of legislation in US labor law, the National Labor Relations Act establishes the rights of workers to unionize and negotiate collectively with their employers.

Mandatory

Refers to something required or obligatory by law or rule.

Permissive

Characterized by or allowing a lot of freedom and flexibility; not strict in the imposition of rules.