An Intangible Asset Is an Asset with No Physical Form

question 37

True/False

An intangible asset is an asset with no physical form that is valuable because of the special rights it carries.

---

Definitions:

Equilibrium

A situation in the market where demand matches supply, resulting in steady prices.

Supply Curve

The supply curve is a graphical representation showing the relationship between the price of a good and the amount that suppliers are willing and able to sell in the market.

Decrease

A reduction in quantity, size, or intensity.

Future

The indefinite time period after the present, often considered in the context of possibilities or uncertainties.