Discuss CIPS L4M8 Exam Topic 10 Question 77

SIMULATION

Write down a list of assets that belong to an organization with which you are familiar.

ASee the answer in explanation.

Suggested Answer: A

Assets are things that an organization owns regarded as having value and available to meet debt and generate revenue. The following are list of assets owned by Fullpower project, a shoe manufacturing firm;

1) Machinery,

2) a factory,

3) an innovative software,

4) skills of its personnel,

5) land,

6) Distribution network.

7) Its long time relationship with experienced suppliers of raw materials and Distributors of finished shoes.

Get Premium L4M8 Questions as Interactive Web-Based Practice Test or PDF Real Exam Format Detailed Explanations Instant Access Get Your Practice Test

18 comments · newest first

Sunshine 26 days ago

I think brand reputation is key too.

Barrie 1 month ago

Also, cash and accounts receivable.

Jennifer 1 month ago

Good point! I’ll add that.

Sunshine 1 month ago

Don’t forget intellectual property!

Barrie 2 months ago

Buildings, equipment, and inventory.

Jennifer 2 months ago

What assets do you have in mind?

Sunshine 2 months ago

I’m worried I’ll forget something important.

Barrie 2 months ago

I feel confident! My company has clear assets.

Jennifer 2 months ago

This is tricky. I have to think hard.

Dalene 2 months ago

Wait, do they really own all that real estate? Sounds like a lot!

Paola 3 months ago

Totally agree, their brand reputation is a major asset too!

Rebecka 3 months ago

Really? I thought they were struggling financially.

Holley 3 months ago

Don't forget their intellectual property! That's a big asset.

Lucina 3 months ago

They have a huge data center and a fleet of delivery trucks.

Ashlee 3 months ago

I remember discussing physical assets like equipment and buildings, but I'm worried I might forget some key categories during the exam.

Krystal 3 months ago

I feel like I should include software licenses as assets, but I can't recall if they count as tangible or intangible.

Taryn 4 months ago

I practiced a similar question where I had to categorize assets into current and fixed. I hope I can remember that distinction here.

Marget 4 months ago

I think I remember that assets can include both tangible and intangible items, but I'm not sure if I should list things like brand reputation.

CIPS L4M8 Exam - Topic 10 Question 77 Discussion