Intangible Assets and Goodwill

question 64

Essay

Intangible assets and goodwill
Explain the three main characteristics of intangible assets. Is goodwill an intangible asset? Why, or why not? Explain.

---

Definitions:

Headhunter

A headhunter is an individual working for an executive search firm who seeks out qualified individuals for higher-level positions.

Selection

Is concerned with identifying the best candidate or candidates for a job from among the pool of qualified applicants developed during the recruiting process.

Qualified Applicants

Individuals who meet the necessary skills, experience, and educational requirements that are set for a particular job position.

Recruiting Process

The series of actions taken by an organization to attract and select candidates for employment, typically involving sourcing, screening, and interviewing.