Which of the Following Is an Intangible Asset

question 78

Multiple Choice

Which of the following is an intangible asset?

• A) plant and machinery
• B) goodwill
• C) building
• D) land

Explain the significance and procedure of risk analysis in project management.

Understand the analytical approach to determining probabilities of project completion times.

Know how to use tools such as the Correlation Matrix, Bootstrap tool, and Tornado Charts in Crystal Ball for enhanced analysis.

Understand the implications and methodology of Monte Carlo and Latin Hypercube sampling techniques.

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Definitions:

Condition Precedent

An event or condition that must occur before a party is obligated to perform under a contract.

Condition Subsequent

A condition in a contract that, if it occurs, terminates the party's obligation or alters the terms of the agreement.

Rescission

Rescission is the legal act of unmaking or terminating a contract, returning the parties involved to their positions prior to the contract's existence.

Restitution

The return of any property given up under a contract.