For Intangible Assets,controls Should Be Designed to Do Which of the Following

question 89

Multiple Choice

For intangible assets,controls should be designed to do which of the following?

• A)Identify and account for intangible asset impairments.
• B)Develop amortization schedules that reflect the remaining useful life of patents or copyrights associated with the asset.
• C)Provide reasonable assurance that decisions are appropriately made as to when to capitalize or expense research and development expenditures.
• D)All of the above.

---

Definitions:

Management by Objectives (MBO)

A management strategy focusing on defining specific objectives that management and employees agree to achieve, thus guiding activities and performance measurement.

Self-Appraisal

An evaluation process in which an individual assesses their own performance, strengths, and weaknesses.

Performance Results

The outcomes or achievements resulting from the execution of specific actions, tasks, or activities.

Management by Objectives (MBO)

A strategic management model focusing on setting and agreeing to specific objectives between management and employees to improve organization performance.