RESEARCH ETHICS
INTELLECTUAL PROPERTY RIGHTS AND PATENT LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Intellectual Property is considered an intangible business liability.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets.
Detailed explanation-2: -This is false. The resources described are intangible in nature; they cannot be touched. A tangible resource is something that can be touched. Examples of tangible resources include cash, land, property, plant, and equipment, etc.
Detailed explanation-3: -You may have asked yourself, “is intellectual property an intangible asset, ‘’ and the answer is yes. While tangible assets can result from intellectual property, the intellectual property itself is intangible.
There is 1 question to complete.