An Example of an Intangible Asset Is

question 74

Multiple Choice

An example of an intangible asset is:

• A) A patent
• B) Land
• C) Investment in another company
• D) Raw material inventory

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Definitions:

Technological Change

The process of invention, innovation, and diffusion of technology or processes that may drive economic growth or affect productivity.

Technological Improvements

Enhancements or advancements in technology that increase productivity or efficiency in a process or product.

Unemployment

The state of being without a job despite actively looking for work, often used as a key economic indicator.

Output Growth

The increase in the amount of goods or services produced by an economy over a period.