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Juanita is a project manager for a group of experienced and creative programmers at Idle Time Gaming, a publisher of popular computer games. Since the programmers are bright, creative, and highly motivated, Juanita brainstorms basic ideas with her group, then allows the programmers a great deal of freedom to do what it takes to reach the agreed-upon objectives. Juanita is using a free-rein leadership style.
Identifiable Intangibles
Non-monetary assets without physical substance, which can be separated from a company and sold, transferred, licensed, rented, or exchanged.
Intangible Assets
Assets that lack physical substance, like copyrights, patents, trademarks, and goodwill.
Physical Substance
A characteristic referring to the tangible nature of an asset, implying it has a material existence.
Separability
The ability to isolate and measure an asset or liability from the entity that owns it, for accounting or valuation purposes.
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