Intangible Assets Are Long-Term Resources That Benefit Business Operations, Usually

question 256

True/False

Intangible assets are long-term resources that benefit business operations, usually lack physical form and have uncertain benefits.

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Definitions:

Acceptance May Consist

Acceptance in a contract can take various forms, including actions or performance in line with the contract's terms.

Valid and Enforceable

Legally binding and capable of being executed or implemented under the law.

Voluntary Consent

Knowing and voluntary agreement to the terms of a contract. If voluntary consent is lacking, the contract will be voidable.

Same Bargain

The agreement or deal that was originally made or intended by the parties involved, without any alterations.