In Evaluating Control Risk and Effectiveness for Intangible Assets,controls Should

question 65

Multiple Choice

In evaluating control risk and effectiveness for intangible assets,controls should be designed for numerous purposes.Which of the following is not a usual control for intangible assets?

• A)ensure that decisions are appropriately made as to when to capitalize or expense research and development expenditures.
• B)develop amortization schedules that reflect the remaining useful life of patents or copyrights associated with the assets.
• C)identify and account for intangible asset impairment.
• D)all of the above are usual controls for intangible assets.

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Definitions:

B2C Sales

Direct transactions between a business and the end consumers of its products or services.

Customer Relationship Management (CRM)

A business philosophy and set of strategies, programs, and systems that focus on identifying and building loyalty among the firm’s most valued customers.

Straight Rebuy

A purchasing situation in which a buyer reorders a product or service without modifications or shopping around.

Buying Center

A group within an organization responsible for evaluating and making purchasing decisions.