Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'intangible asset'?

A. something of monetary value that is owned or provides benefit to some party
B. party that is legally recognized as having the right to possess, the privilege to use, and ability to transfer any rights or privileges associated with something, as permitted by law
C. identifiable, non-monetary asset that lacks physical substance
D. asset that is a physical, measurable resource, i.e., one that takes a physical form

Answer: identifiable, non-monetary asset that lacks physical substance