Intellectual property is a valuable ______.

A) intangible asset
B) tangible asset
C) goodwill asset
D) current asset

Intellectual Property

A category of property that includes intangible creations of the human intellect, such as inventions, literary and artistic works, designs, and symbols.

Intangible Asset

Assets that do not have physical substance but hold value for a business, such as patents, trademarks, and goodwill.

Tangible Asset

Physical and material assets that possess value, such as machinery, buildings, and inventory.