The Two Key Characteristics of Intangible Assets Are That They

question 24

Multiple Choice

The two key characteristics of intangible assets are that they are identifiable and that they:

• A) have physical substance;
• B) are monetary assets;
• C) represent current obligations of the entity;
• D) lack physical substance.

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Definitions:

Marginal Utility

The extra pleasure or benefit one gains from the consumption of one more unit of a product or service.

Total Utility

The total satisfaction or benefit a consumer receives from consuming a particular quantity of goods and services.

Total Utility

Total utility is the total satisfaction or value a consumer derives from consuming a particular quantity of goods or services.

Marginal Utility

The additional satisfaction or utility gained from consuming an additional unit of a good or service.