When a Firm Has a Positive Reputation, It Is an Asset

question 194

True/False

When a firm has a positive reputation, it is an asset that increases the value of an organization when it is sold. It falls into the category of goodwill.

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Definitions:

Financial Assets

Tangible or intangible assets held for economic benefits in the form of investments, cash, stocks, bonds, and real estate.

Tangible Assets

Physical items or properties owned by a person or company, such as real estate, equipment, and inventory.

Percent

A mathematical term that represents a fraction of 100, used to describe proportions or comparisons between quantities.