The Four Types of Innovation Are

question 92

Multiple Choice

The four types of innovation are

• A)invention, extension, synthesis, and duplication.
• B)extension, retention, analysis, and duplication.
• C)synthesis, extension, retention, and analysis.
• D)analysis, synthesis, duplication, and retention.

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Definitions:

Replacement Value

The cost to replace an asset with another of similar function and efficiency.

AASB 138

The Australian Accounting Standards Board standard that specifies the accounting treatment for intangible assets not covered by other standards.

Internally Generated

Refers to assets, benefits, or revenues produced within a company through its own processes and activities.

Identifiable Intangibles

Non-monetary assets without physical substance, which can be separated from a company and sold, transferred, licensed, rented, or exchanged.