Which of the following intangible assets does not have the characteristic of exchangeability?
A) Patent
B) Copyright
C) Goodwill
D) Franchise

Question

Quizplus · Accepted Answer

Goodwill is an intangible asset that cannot be traded or sold separately from the company as it is based on the reputation, customer loyalty, and brand image of the company. Unlike patents, copyrights, and franchises, goodwill is not exchangeable or transferable independently.

Which of the Following Intangible Assets Does Not Have the Characteristic