Which of the Following Is NOT a Tangible Asset

question 49

Multiple Choice

Which of the following is NOT a tangible asset?

• A)leasehold improvements
• B)land
• C)equipment
• D)patent

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Definitions:

Demand Price

The price of a good or service dictated by the desire and ability of consumers to purchase it at certain price levels.

Import Quota

A government-imposed limit on the quantity or monetary value of certain goods that can be imported into the country over a specified period of time.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified period.

Fried Twinkie

A snack consisting of a Twinkie deep-fried, often served as a novelty food at fairs and carnivals.