BUSINESS ADMINISTRATION
ACCOUNTING FOR MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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lawn care
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accounting services
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customer service
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computer
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Detailed explanation-1: -Answer. Tangible products-products that can be perceived by sense of touch. Example-food items, car, computer etc. Intangible products-An intangible good is a good that does not have a physical nature, as opposed to a physical good.
Detailed explanation-2: -A tangible product is a physical object that can be perceived by touch such as a building, vehicle, gadget, or clothing.
Detailed explanation-3: -Types of Companies With Tangible Assets The factory equipment, computers, and buildings would all be tangible assets.
Detailed explanation-4: -Examples of tangible assets include Land, Building, Machinery, Equipment, Cash, Stock, Plant, any property that has long term physical existence or purchased for the use of business operations and not for sale, vehicles, etc. An Intangible Asset is assets that do not have a physical existence.
Detailed explanation-5: -Intangible products-travel, freight forwarding, insurance, repair, consulting, computer software, investment banking, brokerage, education, health care, accounting-can seldom be tried out, inspected, or tested in advance.