Question

Which of the following are not tangible resources?

(A) trade secrets, patents, copyrights
(B) state-of-the-art production machinery
(C) technical and scientific skills
(D) firm borrowing capacity

Answer 1

Answer: c. Technical and scientific skills

Explanation: technical and scientific skills are an example of intangible resources. Intangible resources are assets that are not easy to identify, are typically embedded in unique routines and practices that have evolved with time, and are quite difficult for competitors and managers to imitate or account for. More examples of this kind of resource include: human resources (example, experience and managerial skills), innovation and technical/reputation (examples, technical and scientific skills, brand name etc.) resources.

Answer 2

a.) Trade secrets, Patents, copyrights.

Step-by-step explanation:

• Intangible assets are nonphysical assets managed over the long-term.
• Intangible assets are usually intellectual assets, and as a result, it's hard to designate value to them because of the possibility of future benefits.
• Depending on the nature of the industry, intangible assets may involve internet field names, administration events, authorizing agreements, service agreements, machine software, designs, documents, joint ventures, medical records, licenses, and business secrets.
• Intangible assets append to a company's potential future value and can be significantly more worthwhile than its physical assets.