Tangible Assets Include

question 117

Multiple Choice

Tangible assets include

• A) Company reputation.
• B) Goodwill.
• C) Technical knowledge.
• D) Production facilities.
• E) Company culture.

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Definitions:

Variable Inputs

Resources used in production that vary with the level of output, such as raw materials and labor hours.

Marginal Revenue

The additional income received from selling one more unit of a good or service; it is a cornerstone concept in microeconomics for optimizing profit.

Marginal Product

The additional output that results from the use of one more unit of a variable input, assuming all other inputs remain constant, often reflecting the efficiency of the input.

Fringe Benefits

Additional benefits offered to employees on top of their salaries, such as health insurance, retirement plans, and paid vacation.