Impacts of economic integration are the general development on the lookout and the effect on an organization brought about by growing creation and by the organization's capacity to accomplish more prominent economies of scale.
What is the impact of an expansion in the degree of creation by firms?
Expansions in efficiency permit firms to deliver more noteworthy result for a similar degree of info, procure higher incomes, and at last create higher GDP.
What are the reasons for economies of scale?
Economies of scale happen when an organization's creation expansions in a manner that lessens per-unit costs. Inner economies of scale can result from specialized enhancements, administrative proficiency, monetary capacity, monopsony power, or admittance to enormous organizations
What are the sorts of economy of scale?
There are two sorts of economies of scale: inside and outside economies of scale.
Inner economies of scale are firm-explicit or caused inside while outer economies of scale happen in light of bigger changes outside the firm.Learn more about economic integration here:
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how do teams differ from groups? multiple choice teams have no limits on the number of members, whereas groups have a restricted membership. members of teams work independently of each other, whereas those in groups show greater dependence on each other. members of teams work toward individual goals that may or may not be related, whereas groups have a common goal. members of teams interact with a specific task-related purpose in mind, whereas groups members do not. teams have a no fixed duration, whereas groups last only for a specific amount of time.
Teams differ from groups in the way that members of teams have a specific task-related purpose in mind, while groups do not.
A group can be people whom you know and interact with. On the other hand, a team is the people with who you work in order to achieve a common goal or to finish a task.
A group is not necessarily made for finishing a task. In a group, there is no responsibility to act for a common goal. On the other hand, in a team, each member has the commitment to collaborate with each other in order to reach an objective or to conquer a goal. There is a specific task given to a team that has to be completed.
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what are three advantages of regional market integration that can result in cost savings to a business?
three advantages of regional market integration that can result in cost savings for a business are:
-Harmonized product standards
-Free movement of goods across borders
-Simplified tax regimes
Regional integration enables countries to avoid these costly divisions by linking the markets for goods, services, and factors, facilitating the mobility of people, ideas, capital, energy, and goods. Regional integration may be supported through shared institutional and physical infrastructure.
Nations can overcome divisions that obstruct the free flow of money, labor, goods, services, and ideas by integrating regionally. These divisions impede economic progress, especially in underdeveloped countries.
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kelley borrows $3,000 from paul and orally agrees to repay him in three annual installments. most courts would hold:
The oral contract is enforceable because Paul entirely performed his obligation below the contract.
How do you prove an oral contract?Such oral settlement can be proved either by means of a recording of such agreement when it took vicinity or a witness before whom such agreement happened. This may want to be the evidence which a individual may want to furnish to show his right. Oral agreements are unstable and now not protected as one does not understand when all and sundry returned out from his personal words.
An example would be if you had been at a yard sale and supplied to purchase a piece of fixtures or an article of apparel for $100 and the yard sale host common your offer.
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https://brainly.com/question/28195988#SPJ4what is the overall management of the availability, usability, integrity, and security of company data?
Data governance is the overall management of a company's data availability, accessibility, integrity, and security (DG).
It is the system in charge of making sure that information is accurate, dependable, high-quality, and secure.
It is a component of business software, which is built on internal data standards and laws governing the usage of data.
The provision of accurate, reliable information and prevention of information misuse are achieved by effective data management in this procedure.
Data governance is the general management of an enterprise's data availability, usability, integrity, and security. Global organizations have had to update their data management systems due to the enormous growth in data volume and sources.
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because it is a pass-through entity, an llc can avoid double-level taxation. double taxation refers to .
An L.L.C can avoid double-level taxation. Double taxation refers to the act of paying income taxes twice on the same income.
What is Double Taxation?
A tax principle known as "double taxation" refers to paying income taxes twice on the same source of income. When income is subject to both corporate and individual taxes, it may happen. When the same income is taxed in two separate nations for the same investment or transaction, this is known as double taxation. Because businesses are regarded as distinct legal entities from their stockholders, double taxation frequently happens. As a result, businesses pay taxes on their yearly income just as people do. Even though the earnings that provided the cash to pay the dividends were already taxed at the corporate level, when corporations distribute dividends to shareholders, those dividend payments result in income-tax liabilities for the shareholders who receive them.
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a patent gives the inventor group of answer choices exclusive right to manufacture, exploit, use, and sell the invention for a given time period. the right to use the invention until development costs are recouped. the right to keep the patented process but not the product for five years. property rights for 10 years.
The inventor is granted exclusive rights to manufacture, use, exploit, and sell the invention for a specified period of time through a patent.
Patents are legal titles that grant the owner or inventor the exclusive right to use and commercially exploit an invention in a particular territory for a period of twenty years (once granted) following the filing of the patent application.
What exactly is an inventor's exclusive right?An invention is a product or process that, in general, provides a novel method of doing something or a novel technical solution to a problem, and it is protected by a patent. In order to obtain a patent, the public must be informed of the invention's technical details in a patent application.
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3. refer to the data below. if the firm is hiring workers under purely competitive conditions at a wage rate of $10, it will employ:
Based on the given data, if the firm is hiring workers under purely competitive conditions at a wage rate of $10, it will employ 5 workers
What is Marginal Revenue?This refers to the income gained by selling one additional unit of a given product.
Hence, it can be seen that the number of workers the firm will employ will be calculated using the relationship of MRP= MRC.
Where
MRP is the marginal revenue product MRC is the marginal revenue cost.Thus, the labor demand curve of a purely competitive seller: slopes downward because the marginal product of successive workers declines, and thus, they would employ 5 workers.
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what is a reason that the use of licensing to enter international markets has increased significantly in recent years?
Revenue analysis is a reason that the use of licensing to enter international markets has increased significantly in recent years.
A marketplace is a composition of structures, establishments, approaches, social members of the family or infrastructures wherein parties engage in trade. even as parties may alternate items and offerings with the aid of barter, most markets depend on dealers presenting their items or offerings to customers in change for money.
A market is a place where buyers and dealers can meet to facilitate the change or transaction of goods and services. Markets may be physical like a retail outlet, or digital like an e-store.
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the ability to draw on internal capital is a useful economy of scope for diversified firms. however there is a potential for the firm to experience the phenomenon known as .
Costs are spread across a variety of products, a business that reaps the benefits of economies of scope has lower average costs. Because costs rise with production, a business that reaps the benefits of economies of scale has lower average costs.
What is effective allocation of internal capital markets?An effective internal capital market allocates funds to maximize shareholder wealth when firms have limited funds for investment because external funds are more expensive than internal funds.
What is an illustration of an economy of scope?A dine-in restaurant with a bakery counter where customers can buy pastries or pies to take home is a typical example of economies of scope.
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planning for which of the following products would see the least benefit from the use of an mrp system? multiple choice microwave ovens mobile phones shampoo power lawn mowers
Shampoo. products would see the least benefit from the use of an MRP system.The greatest benefit from MRP is attained when planning complex, discrete products that are assembled such as microwave ovens, mobile phones, and power lawnmowers.
What is MRP system?
A system called MRP is used to schedule manufacturing production. With the aim of satisfying customer needs and boosting overall productivity, it identifies necessary materials, estimates quantities, determines when materials will be required to meet the production schedule, and manages delivery timing.
An essential control parameter of SAP's MRP processing is an MRP type. It is defined in the material master of production-relevant materials and generally regulates the set of actions that take place throughout an MRP run. ND, PD,P1,P2, and additional MRP types are among the numerous types.
The Master Production Schedule (MPS), Inventory Status File (ISF), and Bill of Materials are the three fundamental inputs of an MRP system (BOM).
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the growth of a particular industry within a local area can create specialized resources for that industry leading to a production cost advantage in that locality. this advantage is known as
The growth of a particular industry within a local area can create specialised resources for that industry leading to a production cost advantage in that locality. This advantage is known as industry economies of scale.
Economies of scale are cost advantages that businesses enjoy as a result of efficient production. In order to attain economies of scale, businesses must increase production while reducing expenses.This happens because costs are divided among a wider range of commodities.
Examples of economies of scale:
Bulk purchases allow a big box retailer to keep costs down per item.A larger manufacturing company can afford to invest in more effective production technologies than a smaller manufacturing company can.To know more about economies of scale:
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xavier has decided to open his own business. her earned $50,000 in accounting profit in his first year. when deciding to open his own business, he turned down three separate job offers with annual salaries of $40,000, $50,000, and $ 55,000. what is xavier's economic profit from running his own business?
a) $5,000 is the response. Opportunity costs are of interest to economists. All that is sacrificed in order to make a particular choice is the opportunity cost. The benefits of the best alternative use of a business's resources are deducted by economists.
Monetary benefit is the bookkeeping benefit short the worth of the best option in contrast to beginning the business. The next best option for Jaqui is the highest salary she could have earned if she hadn't started her business. That amounts to $45,000 in pay.
Accounting profit minus $45,000 equals $5,000 in economic profit.
What is meant by economic profit?
profit is the difference between total revenue and total costs over a given time period in business. Profit is the difference between the returns to capital, land, and labor (interest, rent, and wages) in economics.
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the best definition of inflation is a(n) group of answer choices temporary increase in prices. increase in the price of one important commodity such as food. persistent increase in the general level of prices as measured by a price index.
the best definition of inflation is a persistent increase in the general level of prices as measured by a price index
The broad word for an increase in the cost of goods and services throughout an economy in the study of economics is inflation. As the general price level rises, each unit of currency may buy fewer goods and services, hence inflation is related to a reduction in the purchasing power of money.
The three primary sources of inflation that can be broadly defined are cost-push, demand-pull, and inflation expectations.
Both high and low inflation can be harmful to the economy, however low inflation may be worse. When the economy is struggling and inflation is too low, the Fed will take the opposite action by lowering interest rates or buying assets to increase cash flow.
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cost benefit analysis a. considers only short-term effects. b. values costs over benefits focusing on internalities. c. is a value-free social-scientific approach.
Cost-benefit analysis is influenced by value judgments. Hence the correct choice of answer for this question would be option (a)
Write a brief note on Cost-benefit analysis.Businesses utilize a cost-benefit analysis as part of a systematic procedure to determine which options to take and which to ignore. The cost-benefit analyst adds up the potential benefits anticipated from a circumstance or course of action before deducting the overall expenses related to that course of action. Additionally, some consultants or analysts create models to put a monetary value on intangible things like the advantages and disadvantages of relocating to a specific location.
Prudent managers perform a cost-benefit analysis to assess all the costs and profits that a company might produce from the project before starting a new project or building a new factory. Depending on the results of the investigation, the company will decide whether to move through with the project or try something else.
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The complete question is mentioned below :
Cost-benefit analysis :
a. is influenced by value judgments
b. considers only short-term effectsc
c. values cost over benefits focusing on internalities
d. is a value-free social-scientific approach
the process of building and maintaining relationships with people whose interests are similar or whose relationship could bring advantages to the firm is called .
The process of building and maintaining relationships with people whose interests are similar or whose relationship could bring advantages to the firm is called networking.
Networking is the process of sharing information or services between individuals, organizations or groups. It provides a tool for people to expand their professional or commercial contacts. As a result, people might establish relationships or a network that is beneficial to them in both their personal and professional lives. Through networking, one can create lasting connections that allow for the trade of goods and services that benefit all parties. Through networking events, social media and professional networking, you can make new and important business connections.
The second half of the 20th century saw the promotion of networking as a way for businesspeople to increase their social capital. In the US, proponents of workplace equity pushed members of underrepresented groups to network in order to identify and address the obstacles they faced.
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Based on the decision in mcnabb v. U. S. , the standard maximum time by which a first appearance should be held has been set at ________ hours after arrest.
Based on the decision in mcnabb v. U. S. , the standard maximum time by which a first appearance should be held has been set at 48 hours after arrest.
In a different set of rulings, the Supreme Court held that confessions obtained after "unreasonable delay" in bringing suspects to court for arraignment could not be used as evidence in a federal court.
These rulings were not based on constitutional principles, but rather on the Supreme Court's general authority to supervise the federal judicial system.
This criterion was first stated by the court in McNabb v. United States (1943), which overturned two convictions for second-degree murder because they were almost completely based on confessions given after the prisoners underwent three days of questioning by the police without the presence of a lawyer.
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when consumers calculate the value of a product, they: a. eliminate all nontangible elements that might affect their perception of the product. b. subtract the cost of production from the market price. c. look at the benefits the product provides then subtract the cost. d. identify the variable and the fixed components of the product's benefits.
When consumers calculate the value of a product, they look at the benefits the product provides then subtract the cost.
A product's value is determined by how well it can satisfy and address the needs of customers. Pricing strategy can be changed in accordance with how valuable a product is to consumers. The value of a product to customers can also influence a product's development plan.
Product value is a helpful tool for evaluating the main advantages of a particular product. It is an extrinsic metric in that it can only be obtained from customers interacting with and using your product. Because it can fluctuate over time (i.e., perceived vs. real value) and is frequently influenced by outside factors like competitors and market conditions, product value is not a fixed measure.
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how important is food preservation in our livelihood
Answer:
in order to save food and to keep food for long periods of time
which of the following economic activities would be included in u.s. gross domestic product (gdp)? group of answer choices illegal prostitution pure services, such as haircuts work performed and paid for in cash to avoid income tax illegal drug sales
Pure services, such as haircuts is the economic activity that would be included in the U.S. gross domestic product (GDP).
GDP does not reflect illicit or covert economic activity. This implies that only pure services like haircuts can be included in GDP. Personal consumption, corporate investment, government spending, and net exports are the four main components of the gross domestic product. GDP measures the nation's annual total economic production.
Typically, economists concentrate on the ideal GDP growth rate, which is generally accepted to be between 2% and 3% annually. When a nation's GDP is increasing at this rate, it typically experiences economic growth without the drawbacks of high inflation. A country's GDP may vary as per it's population size and availability of resources.
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belmont corporation issues $100,000 of 7% bonds, due in 10 years, when the market rate of interest is 5%. interest is paid semiannually on june 30 and december 31. the issue price of the bonds is:
Belmont corporation issues $100,000 of 7% bonds, due in 10 years, when the market rate of interest is 5%. interest is paid semiannually on june 30 and December 31. the issue price of the bonds is: $104,464.
What is corporation ?A corporation is an organization authorized by the State to act as a single entity and legally recognized as such for a specific purpose. 10 Early corporation entities were incorporated by law. Most jurisdictions now permit the formation of new companies by registration. Corporations come in many forms, but are usually divided by the laws of the jurisdiction in which they are licensed based on two aspects: whether they can issue shares or whether they are incorporated to make a profit. Depending on the number of owners, legal entities can be classified as joint stock companies. One of the most attractive early advantages that corporations offered investors compared to early business entities such as sole proprietorships and limited partnerships was limited liability.To learn more about corporation from the given link :
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which historical perspective is grounded in the twin notions of the freedom of the marketplace and of market competition that became dominant in the 1990s and continues with force today?
The foundation of the free marketing point of view is the coexisting, powerful ideas of market competition and market freedom that first gained traction in the 1990s.
What are types of freedom?Freedom of expression, freedom of thought, freedom of expression, freedom of press, freedom to select ones personal position in life, freedom from religion, freedom from slavery and servitude, and freedom of mobility are some examples of different types of freedom.
What is freedom and why is it important?Freedom, in essence, is the capacity to choose our own actions. We are free to express our opinions openly, to follow the course we want to take in existence, and to interact with anyone we desire. This enables us to be unique individuals who may design our own special lives.
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write a description of a job interview you have had. a. did you understand the criteria to be used in making a hiring decision? b. did you make arguments in response to the criteria? c. did the job decision rest on the criteria? d. in all, do you think the decision was critical or uncritical, and why?
Focus your response to this interview question on the abilities and characteristics that most closely match the role's requirements.
For instance: Soft or hard skills, like expertise in software or exceptional customer service skills. qualities like dedication, perseverance, and determination.
What should the interviewer's criteria be?
In addition to a solid understanding of the position and previous experience managing people, you should have strong conversational and active listening skills.
What is the most crucial requirement for taking the job offer?
When deciding whether or not to accept a job offer, salary is often viewed as the most important consideration.However, before you agree to accept the salary that has been offered to you, you need to determine the actual value of your experience and skills.
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some of the employees of righteous apps, inc., decide that they want to be represented by the science workers union in bargaining with righteous apps over overtime pay and the times that the offices open and close. righteous apps, and some employees, including truman, are against the union. who can demand that a union election be held? if the union is elected, does it have to represent truman? if the union is elected, does righteous apps have to bargain over overtime pay and the times that the offices open and close?
The employees can demand that the union election be held. Members of the union have the powers over the running of the union affairs.
The nature of the relationship between the individuals in a couple is referred to as the type of union. In more detail, it shows whether a couple's members are legally wed or cohabitating. Freight drivers, warehouse employees, sanitation workers, and construction workers are just a few of the blue-collar jobs that are represented by the International Brotherhood of Teamsters, a labor union. The union bargains for its members' pay, benefits, and working conditions.
Employee categories:
Full-time personnel.
Those who work part-time.
seasonal personnel.
Permanent Staff.
Benefit Employees who earned less than one-third of the State's average quarterly wage during the Base Period are considered Class 2 Employees. This typically occurs as a result of a delay in the notification of IB/ESA termination.
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mcneil uses the high-low method of estimating costs. mcneil had total costs of $50,000 at its lowest level of activity, when 5,000 units were sold. when, at its highest level of activity, sales equaled 12,000 units, total costs were $78,000. what would mcneil estimate its total cost to be if sales equaled 8,000 units?
Mcneil estimate its total cost to be if sales equaled 8,000 units.
Using the high low method
Subtract total costs price/ subtract units = decimal
Highest total cost - ( decimal * largest unit)= answer
(answer * estimated unit) + answer= final answer
What is high-low method?The high-low technique compares the overall costs at each level of activity, starting with the highest level and ending with the lowest level. It is easy to figure out the fixed and variable costs by solving the system of equations if the variable cost is a fixed charge per unit and the fixed costs stay the same.
The hotel manager would like to create a cost model to forecast future operating expenses. The amount of activity (number of visitors) and total expenses for each month are, however, the only facts that are readily available.
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you are hired as a consultant to advise a small firm on forecasting methodology. based on your research, you find the company has a mad of 3. it wants to have a 99.7 percent control limits on its forecasting system. its most recent tracking signal value is 15. what should be your report to the company? multiple choice the forecasting model is operating acceptably. the forecasting model is out of control and needs to be corrected. the company is using an inappropriate forecasting methodology. the upper control value is less than 20. the mad value is incorrect.
A small business The forecasting model needs to be fixed because it is out of control.
What would you say is a tiny business?It uses firm income (from $1 million to over $40 million) and employment to define small businesses (from 100 to over 1,500 employees). For instance, a roofing contractor is considered a small business by the SBA if its yearly sales is $16.5 million or less. Selling artwork, taking photos, making independent movies, running dancing studios, and many more small companies are examples. The more lucrative ones include hand-made arts and crafts, virtual art workshops, and photography and videography. Small businesses are at the forefront of innovation — they produce more than 16 times more patents per employees than large companies. All of those new, emerging technologies benefit our quality of life by introducing transformative new products and services
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How does the punishment for late payment of student loans differ between Federal and private loans?
Federal student loans and federal parent loans: the federal government funds these loans. Private student loans: These loans are confederal loans.
What is a loan?In finance, a loan is the lending of money by one or more someone, social group, or other entities to other individualists, organizations, etc. The recipient receives a debt and is usually liable to pay interest on that debt.
The federal government funds these loans. Buck private student loans: These loans are confederal loans, made by an investor such as a bank, credit union, state agency, or school.
Therefore, loans are confederal loans for Federal student loans and federal parent loans
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the cooper foundation contributes $20,000 per year into an annuity fund for building a new zoo. the fund earns 7.5% interest. find the amount in the fund at the end of 10 years. (round your final answer to two decimal places.)
The amount can be determined by the formula of annuity -
FVn = PV(1 +r) ^n
= 20000 (1 + 7.5%)^10
= $ 304, 162.38
Amount in the fund at the end of 10 years will be $304,162.38.
An annuity is a series of payments made over a certain period of time at regular intervals. A stream of future cash payments has both a present value and a future value, which is what they are currently worth (the amount that will be accrued from the payments earning compound interest).
Payments under a typical annuity don't begin immediately away. Instead, payments are made at the end of each cycle, which is usually a month or a year.
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The country of Xenia has a small segment of electronics firms that have been building up their expertise over the last two years. This year the country began to have cheap electronic goods from its neighboring country Caladonia, flood over its borders. Xenia's congress is in session and about to vote on implementing new protectionist policies to restrict electronic imported from Caladonia. Which of these reasons would most deftly support Xenia's congressional actions? Xenia needs to protect itself and protect its infant electronics industry. O Xenia needs to protect itself and build its national defense. . Xenia needs to protect itself and promote its electronics exports. Previous Next Together, intra-industry trade and economies of scale provide o competition between producers specialization through machinery ono variety to consumers
Based on the situation described and the available options, the reason that would most deftly support Xenia's congressional actions is that "Xenia needs to protect itself and protect its infant electronics industry"
What are protectionist policies?Protectionist policies are policies legislated by a country to preserve its domestic industries from foreign competition.
Usually, various methods or tools can be used to legislate protectionist policies. These include the following:tariffs,customs dutiessubsidiesimport quotas, etc.For example, if an import quota is ratified, there would be a limit on the number of foreign electronics that would be imported into Xenia. This would enhance the competitive power of firms in Xenia. However, without protective policies, local firms might not be able to withstand foreign competition.
Hence, in this case, it is concluded that the correct answer is "Xenia needs to protect itself and protect its infant electronics industry"
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the responsibility for positive relationships in the workplace is placed on the hr department. group startstrue or false
The answer is true. In its most basic form, the HR (Human Resources) department is a group in charge of managing the employee life cycle (i.e., recruiting, hiring, onboarding, training, and terminating people) as well as administering employee benefits.
The major responsibility of a human resource manager is to handle a company's administrative functions, which include: Talent acquisition. This includes managing potential candidates, scheduling interviews with qualified individuals, and developing an onboarding process for new hires. Salary and benefits In general, HR processes are made up of a group of 'core processes.' In this view, the main functions of an HR department include crucial themes such as recruitment.
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the megahit film studio has a licensing right (or agreement) to distribute films produced by the artsy film company. how would the megahit company classify this licensing right?
The Megahit company classifies this licensing right as an Intangible asset.
Among the items that lack physical substance but offer long-term benefits to the business are patents, copyrights, trademarks, trade names, franchise licenses, government licenses, goodwill, and others. Intangible assets are treated by businesses in the same way as depreciable assets and raw materials.
Intangible asset costs are methodically assigned to costs during the course of the asset's useful life, which is limited to 40 years and can never exceed the asset's legal life. Amortization is the process of charging expenses with the cost of intangible assets.
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