Intangible Assets Have No Physical Form and Therefore Are Not

question 117

True/False

Intangible assets have no physical form and therefore are not at risk of becoming obsolete.

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Definitions:

Corporate Responsibility

A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Taxes

Mandatory financial charges or levies imposed by a government on individuals or entities to fund public expenditures.

Taxing Entities

Governments or jurisdictions with the authority to impose taxes on individuals, corporations, property, or transactions.

Merchandising Business

A business that buys goods in a ready-to-sell form and earns revenue by selling these goods to customers.