What Are the Three Major Types of Intangible Assets

question 5

Multiple Choice

What are the three major types of intangible assets?

• A) Externally generated.
• B) Exchanged.
• C) Internally generated.
• D) The three types of intangible assets are: (1) purchased, (2) acquired in a business combination, and (3) internally generated.

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Definitions:

Procedural Knowledge

Knowledge of how to perform certain tasks, often expressed as skills and abilities, as opposed to knowing that something is the case (declarative knowledge).

If-then Production Rules

Logical statements used in computer programming and cognitive psychology to connect conditions with actions or outcomes.

Categories

In Aristotle's philosophy, a way of classifying the world that includes ten distinct types such as substance, quantity, quality, and relation.

Mental Representations

Internal cognitive symbols, structures, or maps of the world that individuals use to understand and interact with their environment.