The exclusive privilege to use an asset is called a(n)
A) property right.
B) exclusive use agreement.
C) property privilege.
D) right to work privilege.

Question

Quizplus · Accepted Answer

The exclusive privilege to use an asset is a property right. This means that the owner of the asset has the legal right to control its use and exclude others from using it without permission. This property right can apply to physical assets like land or buildings, as well as intangible assets like patents or trademarks.

The Exclusive Privilege to Use an Asset Is Called A(n)