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NACVA CVA Exam - Topic 5 Question 80 Discussion

Actual exam question for NACVA's CVA exam
Question #: 80
Topic #: 5
[All CVA Questions]

Proprietary technology is also counted in intangibles such as, a trained and assembled workforce, special know-how, customer relationships, supplier relationships, or other intangible assets that make the company available competitors and give it earning power. Some closely held business owners call these intangibles:

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Suggested Answer: A

by Theola at Feb 12, 2024, 07:58 PM

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Lorrine
5 months ago
Goodwill is the right term for customer relationships, I agree!
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Joye
5 months ago
Wait, are we really calling these things "blue sky"? Sounds kinda vague.
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Tiara
5 months ago
A or B seems like a safe bet!
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Jesusa
6 months ago
I thought goodwill was more about reputation than just intangibles.
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Celestina
6 months ago
Blue sky is definitely a term used for those intangibles.
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Merlyn
6 months ago
I thought patents were more about legal protections for inventions, not really fitting the description here, so I’m torn between A and B.
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Pamella
6 months ago
I feel like "blue sky" is a term I've heard before, but I can't recall if it specifically applies to these intangibles.
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Shelia
6 months ago
I practiced a similar question where "goodwill" was definitely mentioned as an intangible asset, so I’m leaning towards option B.
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Andree
7 months ago
I think I remember something about "goodwill" being related to intangible assets, but I'm not entirely sure if that's what they mean by "blue sky."
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Lelia
7 months ago
Okay, I've read the question a few times now. Based on the examples given, I think the best answer is D, A or B. The question seems to be asking for a general term that encompasses those types of intangible assets, and both "blue sky" and "goodwill" fit that description.
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Catarina
7 months ago
Hmm, I'm not totally sure about this one. The question mentions a "trained and assembled workforce" and "special know-how" as examples of intangibles, so I'm wondering if A, "blue sky," could also be a correct answer. I'll have to think this through carefully.
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Jamika
7 months ago
This question seems straightforward. I think the answer is B, goodwill, since that's a common term for intangible assets that give a company earning power.
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Erick
7 months ago
This is a tricky one. I'm leaning towards B, goodwill, since that's a more commonly used term. But the question does provide some specific examples that make me wonder if A, "blue sky," could also be correct. I'll have to make an educated guess on this one.
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Jonell
7 months ago
Okay, I've got an idea. If the customer isn't happy, we should try to find a way to adjust the reconciliation process that doesn't involve changing the core scripts. Let's see if there's a more elegant solution.
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Chi
7 months ago
This seems like a good opportunity to apply the concepts we've been studying. I'll make sure to carefully consider each option and select the one that best matches the description provided.
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Caren
11 months ago
Goodwill? More like 'good luck' trying to define that one. I'm going with D, just to avoid any cloudy skies in my answer.
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Carmelina
10 months ago
I agree with D) A or B.
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Amie
11 months ago
I believe it's C) Patents.
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Janessa
11 months ago
I'm going with B) Good will.
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Eliseo
11 months ago
I think it's A) Blue sky.
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Gayla
12 months ago
Hmm, blue sky and goodwill, huh? Sounds like a good day to start a business! I'll choose D, just to play it safe.
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Shawnta
11 months ago
User 3: I think choosing option D is a safe bet.
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Brandon
11 months ago
User 2: I agree, they can give a company a competitive edge.
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Eden
11 months ago
User 1: Blue sky and goodwill are important for a business.
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Simona
1 year ago
Patents are also a type of intangible asset, but they're specifically mentioned in the question. I'll have to go with D, A or B.
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Beckie
10 months ago
I would go with B) Good will as well.
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Tresa
11 months ago
I agree with D) A or B.
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Tomas
12 months ago
I believe it's B) Good will.
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Dahlia
12 months ago
I think it's A) Blue sky.
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Melina
1 year ago
Blue sky? What's that, a sunny day? I'll go with B, goodwill, seems more relevant to the question.
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Jaime
12 months ago
I agree with you, I'll go with B) Good will.
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Vallie
12 months ago
I think it's A) Blue sky.
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Wilburn
1 year ago
I think the correct answer is D. Both blue sky and goodwill are considered intangible assets.
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Ty
1 year ago
I'm not sure, but I think it could also be A) Blue sky because it represents the potential value of those intangibles.
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Amie
1 year ago
I agree with Jacquelyne, Good will makes sense for intangibles like trained workforce and customer relationships.
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Jacquelyne
1 year ago
I think the answer is B) Good will.
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