A Tangible Asset Is Something That Cannot Be Seen or Counted

question 46

True/False

A tangible asset is something that cannot be seen or counted, but nonetheless has value.

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Definitions:

Outsourcing

The practice of hiring third parties to perform services or create goods that were traditionally performed in-house by the company's own employees and staff.

Human Resources Accounting

Involves the identification, measurement, and reporting of investments in human capital and their economic impacts on an organization.

Executive Salaries

Compensation packages designed for top-level management and executives of an organization, often including base salary, bonuses, and other benefits.

Recruiting

The process of identifying, attracting, interviewing, selecting, hiring, and onboarding employees.