Question

Select the most appropriate alternatives from those given below and rewrite the statements :

Money value or the reputation of business is known as ______.
a) Copyright
b) Goodwill
c) Patents
d) Trademark

Answer 1

Money value or the reputation of business is known as Goodwill.

Explanation:
Goodwill is the value of a firm's reputation and its good brand name in the market. It is valued in terms of money. Goodwill is considered as an intangible asset of a firm.