An Intangible Asset Is One That Has a Physical Existence

question 3

True/False

An intangible asset is one that has a physical existence.

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Definitions:

Agent

An individual or entity authorized to act on behalf of another person, known as the principal, in legal or business matters.

Incorporation

The process of legally declaring a corporate entity as separate from its owners.

Management

The process of coordinating and overseeing the operations and activities of an organization or business to achieve defined objectives.

Unanimous Agreement

An agreement or decision made with the approval of all parties involved, indicating total consensus without any dissent.