The Intellectual Property of an Organization Is

question 13

Multiple Choice

The intellectual property of an organization is

• A) a tangible resource.
• B) an intangible resource.
• C) a tangible capability.
• D) an intangible capability.
• E) a tangible competence.

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Definitions:

Perpetual Inventory

An inventory management system where updates are made continuously as transactions occur.

Inventory Accounting Systems

The systems or methods used by businesses to keep track of their inventory levels, costs, and quantities.

Perpetual Inventory System

This inventory accounting procedure logs purchases or sales instantly through computerized point-of-sale systems and enterprise asset management software.

Sales of Merchandise Inventory

Transactions involving the sale of goods held for resale by a business, contributing to its primary revenue.