Multiple choice general knowledge

What are Tangible Assets?

  1. Assets involved in the resale of goods and services

  2. Assets involved in the resale of goods and services rather than being held for production

  3. Assets involved in the production of goods and services rather than being held for resale

  4. Assets involved in the resale of goods rather than being held for production
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Tangible assets are physical assets that a company uses in its operations to produce goods or services, rather than holding them for resale to customers. Examples include machinery, buildings, and equipment. Option A and B incorrectly state these assets are for resale, while option D misses the key distinction about production vs. resale.

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