Intangible Assets Are Assets That Are Long-Term, Have Physical Form

question 44

True/False

Intangible assets are assets that are long-term, have physical form, and are used to produce or sell products and services.

---

Definitions:

Passion

Intense, driving, or overmastering feeling of enthusiasm or desire for something.

Obsession

Obsession is an intense or excessive preoccupation with a particular idea, object, or activity.

Effective Discipline

An approach to managing behavior that is focused on teaching and guiding rather than punishment, aiming to promote self-control and appropriate conduct.

Clear Guidelines

Explicitly stated and easily understandable rules or instructions designed to direct behavior or processes.