Examlex

Solved

The Cost-Benefit Approach Helps Managers Make Certain Economic Decisions About

question 46

Multiple Choice

The cost-benefit approach helps managers make certain economic decisions about purchasing new software,or the decision to keep an old software package.In making such decisions,senior managers keep ________ and ________ considerations in mind.


Definitions:

Amortized

The gradual write-off of the initial cost of an asset or liability over a period, typically through regular payments or charges against earnings.

Intangible Asset

A non-physical asset possessing value, such as patents, trademarks, copyrights, and goodwill.

Fair Value

The estimated price at which an asset or liability could be traded in a fair transaction between willing parties, other than in a forced or liquidation sale.

Net Realizable Value

The estimated selling price in the ordinary course of business, minus any costs of completion, disposal, and transport.

Related Questions