Examlex
What is one major advantage to the application of critical thinking?
Internally Generated Goodwill
The increase in value of a business due to factors like reputation, brand, customer base, and relationships that are developed internally over time and not acquired or purchased.
Intangible Asset
An asset that lacks physical substance and usually represents legal rights or competitive advantages (e.g., patents, trademarks, copyrights).
Office Building
A structure designed for the operations of businesses, providing workspaces and offices for use by employees and management.
Patent Amortization
The gradual expense recognition of the cost of a patent over its useful life, reflecting the consumption of the patent's economic benefits.
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