Quirky Is a Web Site That Allows You to Submit

question 62

True/False

Quirky is a Web site that allows you to submit product ideas to a community that vets and provides feedback on the ideas.

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Definitions:

Intangible Asset

Non-physical assets owned by a business, such as patents, trademarks, and copyrights, that have economic value.

Finite Life

A term used to describe assets or investments that have a fixed period of utilization or return, after which they cease to produce value.

Amortised

The process of gradually writing off the initial cost of an asset over its useful life.

Internally Generated

Refers to assets or values created within a company through its own processes and activities, rather than acquired externally.