In Common with Other Intangible Assets, Goodwill Must Be Amortized

question 112

True/False

In common with other intangible assets, goodwill must be amortized each year.

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Definitions:

Organizational Rituals

Repeated and symbolic activities that reinforce an organization’s values and corporate identity.

Organizational Stories

Are narratives shared among members of an organization that embody its values, history, and culture.

Performance Standards

The expected levels of performance that set the benchmarks for quality or success in work tasks or goals.

Organizational Culture

The shared values, beliefs, and practices that shape the behavior and attitudes of individuals within an organization, influencing its functioning and performance.