Which of the Following Is Considered as a Tangible Resource

question 36

Multiple Choice

Which of the following is considered as a tangible resource of a firm? 

• A) The research and developmental capabilities of a firm 
• B) The organizational culture of a firm 
• C) The copyrights that belong to a firm 
• D) The reputation of a firm as being socially responsible

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Definitions:

Useful Life

The period over which an asset is expected to be usable by an entity for its intended purpose.

Valuation Consolidation

The process of combining the financial statements of separate subsidiaries or entities within a group to present as one entity for the purpose of valuation.

Inventory

Goods and materials that a business holds for the ultimate goal of resale or processing in the production process.