The type of intangible asset related to the exclusive right

The type of intangible asset related to the exclusive right to reproduce and sell a book or intellectual property is a? ________.

A Patent

B Trademark

C Franchise

D Copyright

Solution

The right answer is option (d) Copy right.

Copy Right: it is defined as right to copy some thing. It is an intangible asset because we cannot see its existence. It is basically an non monetary asset without any physical existence. Here we are acquiring a right to reproducing the sell the book i.e., we are copying the right. Therefore, we called it as Copyright. Therefore, the right option is (d) Copyright.