Many Needs Are Culturally (Or Socially) Learned

question 185

True/False

Many needs are culturally (or socially) learned.

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Definitions:

Intangible

An intangible asset is an asset that lacks physical substance, such as intellectual property, goodwill, and licensing agreements.

Amortization

The process of spreading the cost of an intangible asset over its useful life, recognizing a portion of the expense each accounting period.

Intangible Assets

Non-physical assets owned by a business that have value, such as intellectual property, brand recognition, and goodwill.

Discarding

The act of getting rid of something that is no longer useful or desired, within a context like inventory management or manufacturing.