UPSC – CSE Prelims 2023
S&T – Intellectual Property Rights
1. Consider the investments in the following assets:
- Brand recognition
- Inventory
- Intellectual property
- Mailing list of clients
How many of the above are considered intangible investments?
(a) Only one
(b) Only two
(c) Only three
(d) All four
Answer: (c) Only three
The term inventory refers to the raw materials used in production as well as the goods produced that are available for sale. A company’s inventory represents one of the most important assets it has because the turnover of inventory represents one of the primary sources of revenue generation and subsequent earnings for the company’s shareholders. There are three types of inventory, including raw materials, work-in-progress, and finished goods. It is categorized as a current asset on a company’s balance sheet.
So Raw material is a tangible asset. Other three are intangible.