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Praxis II: Economics Content Knowledge Exam Prep

Category - Economics

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Rogers Communication has over a dozen products in various stages of development at any given time. For these products, nearly half will have patents before the testing stage. These patents are considered:

Intangible debts
Tangible debts
Intangible assets
Tangible assets

Explanation

Answer - C - These patents are considered intangible assets.

Key Takeaway: Companies’ assets are divided into tangible and intangible assets. Tangible assets include such items as inventory, buildings, supplies, and machinery. Intangible assets include intellectual property and patents.

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Praxis II: Economics Content Knowledge Exam Prep

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Praxis II: Economics Content Knowledge Exam Prep

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