What Are Characteristics of Intangible Benefits

question 9

Multiple Choice

What are characteristics of intangible benefits?

• A) Difficult to quantify or measure.
• B) Easy to quantify and typically measured to determine the success or failure of a project.
• C) The measure of the tangible and intangible benefits of an information system.
• D) Periodic reviews of actual performance versus expected performance.

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Definitions:

Journal Entries

The method by which transactions are recorded in the company's accounting records with a debit and credit entry.

Significant Influence

The ability to be involved in the financial and managerial policy decisions of an investment without having controlling authority over those policies.

Fair Value Through Profit or Loss

An accounting approach where financial assets are valued at their current market price, with changes in fair value reported in the profit or loss statement.

Journal Entries

The record of financial transactions in the books of accounts in chronological order, showing the accounts and amounts debited and credited.