Intangible assets, also known as untouchable assets, are non-physical assets that are valuable to a company or individual. These can include things like patents, trademarks, and goodwill. Unlike physical assets like plant and machinery, intangible assets cannot be touched or seen, but they can still have significant value.

For example, a patent can give a company the exclusive right to produce and sell a particular invention, which can lead to significant profits. Similarly, a trademark can protect a company's brand and reputation, making it more attractive to customers and potentially leading to increased sales.

Goodwill is a bit more complex. It represents the value of a company's reputation, its relationships with customers and suppliers, and other intangible factors that contribute to its overall success. It's often calculated as part of the price paid in a business acquisition, above and beyond the value of the physical and other tangible assets.

The phrase "they think they are untouchable because excuses are made for their appalling behaviour" seems to be unrelated to the concept of intangible assets. It sounds like it's referring to individuals who behave badly and face no consequences, perhaps because of their status or power. This is a different use of the word "untouchable," and it's more about social dynamics than financial or business concepts.

Question

Intangible assets, also known as untouchable assets, are non-physical assets that are valuable to a company or individual. These can include things like patents, trademarks, and goodwill. Unlike physical assets like plant and machinery, intangible assets cannot be touched or seen, but they can still have significant value.

For example, a patent can give a company the exclusive right to produce and sell a particular invention, which can lead to significant profits. Similarly, a trademark can protect a company's brand and reputation, making it more attractive to customers and potentially leading to increased sales.

Goodwill is a bit more complex. It represents the value of a company's reputation, its relationships with customers and suppliers, and other intangible factors that contribute to its overall success. It's often calculated as part of the price paid in a business acquisition, above and beyond the value of the physical and other tangible assets.

The phrase "they think they are untouchable because excuses are made for their appalling behaviour" seems to be unrelated to the concept of intangible assets. It sounds like it's referring to individuals who behave badly and face no consequences, perhaps because of their status or power. This is a different use of the word "untouchable," and it's more about social dynamics than financial or business concepts.

Knowee AI · Accepted Answer

Intangible assets, also known as untouchable assets, are non-physical assets that are valuable to a company or individual. These can include things like patents, trademarks, and goodwill. Unlike physical assets like plant and machinery, intangible assets cannot be touched or seen, but they can still have significant value.

For example, a patent can give a company the exclusive right to produce and sell a particular invention, which can lead to significant profits. Similarly, a trademark can protect a company's brand and reputation, making it more attractive to customers and potentially leading to increased sales.

Goodwill is a bit more complex. It represents the value of a company's reputation, its relationships with customers and suppliers, and other intangible factors that contribute to its overall success. It's often calculated as part of the price paid in a business acquisition, above and beyond the value of the physical and other tangible assets.

The phrase "they think they are untouchable because excuses are made for their appalling behaviour" seems to be unrelated to the concept of intangible assets. It sounds like it's referring to individuals who behave badly and face no consequences, perhaps because of their status or power. This is a different use of the word "untouchable," and it's more about social dynamics than financial or business concepts.

Intangible*5 pointsAssets such as patents, trademarks, or goodwill are known as untouchable assets in contrast to the physical ones such as plant and machinery.They think they are untouchable because excuses are made for their appalling behaviour.

Question

Solution

Similar Questions

Upgrade your grade with Knowee