When Determining Whether an Internally Developed Intangible Asset Should Be

question 54

Multiple Choice

When determining whether an internally developed intangible asset should be recognized, the process of generating the intangible is usually broken down into the

• A) research and financing elements.
• B) acquisition and disposal stages.
• C) exploitation and disposal stages.
• D) research and development phases.

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Definitions:

Perceptual Process

The sequence of steps that includes the gathering, organizing, and interpretation of sensory information to understand an environment or situation.

Internal Factor

Influences originating within an individual, such as personal beliefs, values, and biological characteristics.

Perceptual Selection

The process by which individuals screen and select the various stimuli that vie for their attention, based on various factors.

Internal Factors

Elements within an organization such as corporate culture, employee morale, and internal processes that influence its operations.