Resources fall broadly into two categories: tangible and intangible. Tangible resources have physical attributes and are visible
. Intangible resources have no physical attributes and thus are invisible. Examples of intangible resources are a firm's culture, its knowledge, brand equity, and reputation. 1. Which of the following is an example of an intangible resource?Multiple Choice:A) equipmentB) copyrightC) cashD) landE) inventory
Intangible resource do not have any physical attributes and therefore are invisible, can not be seen but can only be felt. Accordingly, from the choices provided, equipment, cash, land and inventory are all physical resources and hence are called tangible resources. Only copyright fall under intangible resource. Hence the correct answer is copyright.
Intangible Resource is the intangible assets which we can’t touch this resource and can’t see or intangible in nature. Intangible resource does not have in physical form. We can only feel that. Intangible Resource is necessary for any business.
So according to the analysis, option (B) is the correct example of intangible resources.
We can’t see copyright we just feel it. Copyright also don’t have a physical attribute but the other options have i.e current assets, fixed assets
A trade restriction is an artificial restriction on the trade of goods and/or services between two or more countries.
The right option is B because the statement contains one error; domestic producers gain at the expense of foreign producers rather than domestic consumers.
