In Evaluating High-Tech Projects

question 58

Multiple Choice

In evaluating high-tech projects,

• A) only tangible benefits should be considered.
• B) only intangible benefits should be considered.
• C) both tangible and intangible benefits should be considered.
• D) neither tangible nor intangible benefits should be considered.

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Definitions:

Assets

Resources owned or controlled by a business or an individual that are expected to produce positive economic value.

Liabilities

Financial obligations or debts owed by a business to others that must be settled over time through the transfer of economic benefits.

Measurement Principle

An accounting principle that determines the specific basis on which economic events are recognized and quantified.

Monetary Unit Assumption

An accounting principle that assumes transactions and events can be expressed in stable units of money, facilitating their comparison and measurement.