Equipment is one example of an intangible asset
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Equipment is a tangible asset. Intangible assets are patents, copyrights, and trademarks.
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A ________ approach classifies competitors based on objective attributes of the firms
A) customer-based B) supply-based C) market-based D) demand-based
In states where an LLC (limited liability company) may be organized by only one member, ________ can obtain the benefit of the limited liability shield of an LLC
A) corporations B) sole proprietors C) LLPs (limited liability partnerships) D) general partnerships
U.S. Oil Company and Vehicle Fuel Corporation enter into a contract for the sale of refined oil. Either party's nonperformance may be excused, because of unforeseen circumstances, under the doctrine of commercial
A. good faith. B. impracticability. C. square dealing. D. unconscionability.
The ________ process involves the activities required to register the need for a product or service and to confirm the acceptance of the order
Fill in the blanks with correct word