The Term University Originally Meant A

question 45

Multiple Choice

The term university originally meant a:

• A) corporation or guild.
• B) forum for discussing philosophy.
• C) place of worship.
• D) book where universal matters were discussed.
• E) cathedral and the building surrounding it.

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Definitions:

Intangible Asset

An asset that lacks physical substance, such as patents, trademarks, and goodwill, and provides economic benefits to its owner.

Physical Existence

The actual, tangible presence of items or assets, often verified during inventory or asset audits.

Depreciation Expense

The allocation of the cost of an asset over its useful life, reflecting the usage and wear and tear of the asset.

Accumulated Cash

The total amount of cash that a company has generated and saved over its history, minus any cash payments or dividends made to shareholders.