Which types of property are commonly monitored in accountability systems?

The correct answer is that both tangible and intangible assets are commonly monitored in accountability systems. This is essential for comprehensive property accountability as it encompasses a broader view of an organization's resources.

Tangible assets include physical items such as buildings, machinery, and equipment, which can be easily quantified and tracked. Monitoring these assets ensures that they are correctly accounted for in terms of maintenance, usage, and lifecycle.

Intangible assets, on the other hand, include non-physical items such as patents, trademarks, copyrights, and goodwill. These assets often hold significant value for an organization and are pivotal in contributing to a company's competitive advantage. Tracking these resources is crucial for strategic planning, financial reporting, and compliance with various regulations.

By monitoring both types of assets, organizations maintain a comprehensive understanding of their value and risks, which is crucial for effective resource management and decision-making. This holistic approach helps mitigate the risks of loss, mismanagement, or legal issues, ensuring that all aspects of asset accountability are covered.