Which of the Following Terms Is Used to Describe Long-Term

question 83

Multiple Choice

Which of the following terms is used to describe long-term assets that have no physical substance and provide rights,privileges and special opportunities to businesses?

• A)Tangible assets
• B)Intangible assets
• C)Natural resources
• D)Property,plant and equipment

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Definitions:

Department Managers

Individuals responsible for overseeing the operations, staff, and success of a specific department within an organization.

Provisions

Stipulations or measures put in place within a contract, policy, or law.

Material Rewards

Incentives provided to employees or individuals in the form of tangible rewards, such as bonuses, gifts, or financial compensation.

Human Resource Managers

Professionals responsible for overseeing employee-related functions in an organization, including recruiting, training, benefits, and compliance with labor laws.