A patent is an example of a(n)
A) technology-based intangible asset.
B) marketing-related intangible asset.
C) contract-based intangible asset.
D) artistic-related intangible asset.

Question

Quizplus · Accepted Answer

A patent is a technology-based intangible asset because it is a legal right granted by the government that gives the inventor exclusive control over the creation and use of a particular technology. It has no physical form but can be considered a valuable asset for a company's competitive advantage.

A Patent Is an Example of A(n)