Question : Assertion (A): A new business is likely to have lesser goodwill.
Reason (R): Goodwill is an intangible asset.
Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Option 2: Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)
Option 3: Assertion (A) is true but Reason (R) is false
Option 4: Assertion (A) is false but Reason (R) is true
Answer (1)
21st Jan, 2024
Correct Answer: Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)
Solution : A new business is likely to have lesser goodwill because it is new to the society and people. Hence, the correct option is 2.
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