Certified Research Administrator Practice Exam

What are examples of intangible property?

1. Trademarks, Copyrights, Patents

2. Capital Equipment

3. Intellectual Property

4. N/A

The correct answer is: Trademarks, Copyrights, Patents

Intangible property refers to assets that do not have a physical presence yet hold value and can be legally protected. Examples include trademarks, copyrights, and patents, all of which are essential components of intellectual property. Trademarks protect brand names, logos, and slogans that distinguish products or services in the marketplace. Copyrights safeguard the expression of ideas in various forms, such as literature, music, and art, allowing creators to control the use of their work. Patents grant inventors exclusive rights to their inventions, preventing others from making, using, or selling the patented product without permission. Each of these forms of intangible property plays a critical role in business strategy and economic value, highlighting their significance in protecting innovations and brand identity in competitive markets.