The intellectual property of an organization is
A) a tangible resource.
B) an intangible resource.
C) a tangible capability.
D) an intangible capability.
E) a tangible competence.

Question

Quizplus · Accepted Answer

Intellectual property refers to original creations of the mind, such as inventions, literary and artistic works, designs, symbols, and names, which have commercial value and are protected by laws like patents, copyrights, trademarks, and trade secrets. Since intellectual property is intangible, it cannot be physically touched or seen and exists only as ideas, concepts, or information. Therefore, it is an intangible resource that can provide a competitive advantage to an organization. The other options are incorrect, as a capability or competence is a combination of resources and skills, and they can be tangible or intangible, depending on their nature. However, intellectual property can exist independently of any other capability or competence, and it is always intangible.

The Intellectual Property of an Organization Is