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Some Information Assets Acquire Value Over Time That Is Beyond

question 62

Multiple Choice

Some information assets acquire value over time that is beyond their ____ value-the essential worth-of the asset.This higher acquired value is the more appropriate value in most cases.


Definitions:

Consideration

An item of worth traded between individuals in a contract to render the agreement enforceable by law.

Final Decision

A conclusive determination or resolution in a process or dispute, often implying that no further discussion or appeal is anticipated.

Preexisting-Duty Rule

A rule in contract law stating that an agreement to do what one is already legally obligated to do does not constitute valid consideration for a new contract.

Uniform Commercial Code

A wide-ranging assembly of legal directives that command all business activities in the United States.

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