Which of the following statements about intangible assets is true?
A) Intangible assets can influence a firm's profitability.
B) Intangible assets are comparatively social in nature.
C) Intangible assets can be just as valuable as tangible assets.
D) Intangible assets can influence a firm's ability to innovate and change.
E) All of these statements are true.

Question

Quizplus · Accepted Answer

All of the statements about intangible assets are true. Intangible assets include things like patents, trademarks, and brand reputation which can all have a direct impact on a firm's profitability. Many intangible assets are related to social factors such as customer loyalty and company culture. Additionally, intangible assets can be just as valuable (if not more valuable) than tangible assets like property or equipment. Finally, intangible assets can give a company a competitive advantage by allowing them to innovate and adapt to changing market conditions.

Which of the Following Statements About Intangible Assets Is True