Which of the Following Is an Example of an Intangible

question 55

Multiple Choice

Which of the following is an example of an intangible asset?

• A) Equipment
• B) Plant
• C) Property
• D) Copyright

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Definitions:

Specialization In Production

The process by which individuals, businesses, or countries focus on producing a narrow range of goods or services to gain greater efficiencies.

Standard Of Living

Represents the level of wealth, comfort, material goods, and necessities available to a person, community, or society.

Medium Of Exchange

A medium of exchange is an intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.

Commodity Money

Money that has intrinsic value because it is made of materials that hold value, like gold or silver.