Multiple Choice
Which one of the following statements is true about entrepreneurs in relation to types of accounting?
59
views
1. Introduction to Accounting
Types of Accounting
Struggling with Financial Accounting?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Which of the following intangible assets does training and development indirectly influence?
A
Patents
B
Copyrights
C
Goodwill
D
Trademarks
Verified step by step guidance1
Understand the concept of intangible assets: Intangible assets are non-physical assets that provide value to a business, such as patents, copyrights, trademarks, and goodwill.
Analyze the nature of training and development: Training and development enhance employee skills, improve organizational culture, and indirectly contribute to the reputation and value of the business.
Connect training and development to goodwill: Goodwill represents the value of a company's reputation, customer relationships, and brand loyalty, which are influenced by the quality of its workforce and organizational practices.
Differentiate goodwill from other intangible assets: Patents, copyrights, and trademarks are legal protections for intellectual property, while goodwill is tied to the overall perception and value of the business.
Conclude that training and development indirectly influence goodwill by improving employee performance, customer satisfaction, and the company's reputation, which are key components of goodwill.
4:10mWatch next
Master Types of Accounting: Financial and Managerial with a bite sized video explanation from Brian
Start learningRelated Videos
Related Practice
Types of Accounting practice set
Problem sets built by lead tutorsExpert video explanations