An Intangible Benefit of a Project Would Best Be Described

question 16

Multiple Choice

An intangible benefit of a project would best be described as

• A)goodwill will be increased on the balance sheet as a result of the project.
• B)the company's bankers may offer a lower rate of interest for certain projects.
• C)the company's presence in its market is enhanced by the project which may result in additional sales of the company's other product lines.
• D)the company may be allowed deferred income tax payment terms as a result of the project.

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Definitions:

Top Management Group

signifies the senior-most executives or administrators in an organization, responsible for strategic decision-making and overall management.

Clear Hierarchy

An organizational structure where roles, responsibilities, and levels of authority are well-defined and understood by all members.

CEO

Chief Executive Officer, the highest-ranking executive in a company, responsible for making major corporate decisions, managing overall operations, and acting as the main point of communication between the board of directors and corporate operations.

Core Competencies

Fundamental strengths and abilities of a person or organization that provide it with a competitive advantage.