Which of the Following Would Not Be Classified as a Tangible

question 60

Multiple Choice

Which of the following would not be classified as a tangible long-term asset?

• A)Delivery truck
• B)Timber reserve
• C)Land
• D)Copyright

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Definitions:

Sherman Act

A foundational antitrust law in the United States, enacted in 1890, aimed at preventing anti-competitive practices, monopolies, and cartels.

Clayton Act

A U.S. antitrust law aimed at promoting fair competition for the benefit of consumers, by preventing unfair business practices.

Celler-Kefauver Act

An antitrust law in the United States that prohibits certain types of corporate mergers and acquisitions that could lessen competition.

Mergers

The combining of two or more companies into one entity, often to achieve market synergies, expand business operations, or increase competitiveness.