The Talking Stick

question 28

Multiple Choice

The talking stick

• A) gives members of a talking circle the right to speak.
• B) organises meetings in a non-hierarchical way.
• C) represents democratic traditions in many Indigenous cultures.
• D) all of the above.

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Definitions:

Intangible Asset

An asset that lacks physical substance, such as patents, trademarks, and copyrights, holding value for a business.

Land

A non-depreciable asset representing the earth's surface that a business owns for operation purposes.

Intangible Asset

An Intangible Asset is a non-physical asset possessed by a company, such as intellectual property, goodwill, and licenses, offering future economic benefits.

Goodwill

When a business is purchased, the difference between the price paid and the fair value of the net assets is goodwill. Goodwill may depend on brand names, business location, service, or other elements; it is a valuable asset that plays an important part in the expected rate of future earnings of a business.