Question : Which of the following is an example of an intangible resource?
Option 1: Financial capital
Option 2: Machinery
Option 3: Intellectual property
Option 4: Raw materials
Correct Answer: Intellectual property
Solution : The correct answer is (c) Intellectual property.
Intangible resources are assets that do not have a physical presence but still hold value for an organization. Intellectual property, such as patents, trademarks, copyrights, and trade secrets, falls under the category of intangible resources. These assets provide organizations with legal rights and protections over their unique ideas, inventions, branding, and creative works. Intellectual property can contribute significantly to a company's competitive advantage and can be a valuable resource in various industries.
