Operating Assets with No Physical Properties Are Called

question 57

Multiple Choice

Operating assets with no physical properties are called

• A)current assets.
• B)intangible assets.
• C)plant assets.
• D)property,plant,and equipment.

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Definitions:

ERP

Enterprise Resource Planning, a type of software used by organizations to manage and integrate important parts of their businesses.

Functional Areas

distinct departments or groups within an organization, each focusing on a specific aspect of the organization's operations, such as marketing, finance, or HR.

Information Flow

Information Flow is the movement or exchange of data within a network or system, illustrating how information is shared or transmitted from one part of a system to another.

Production Process

The Production Process involves all the stages and activities related to manufacturing a product, from raw material sourcing to the final output.