NACVA CVA Exam - Topic 5 Question 80 Discussion

Actual exam question for NACVA's CVA exam

Question #: 80
Topic #: 5

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:

ABlue sky

BGood will

CPatents

DA or B

Show Suggested Answer

Suggested Answer: A

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

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Lorrine

6 months ago

Goodwill is the right term for customer relationships, I agree!

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Joye

7 months ago

Wait, are we really calling these things "blue sky"? Sounds kinda vague.

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Tiara

7 months ago

A or B seems like a safe bet!

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Jesusa

7 months ago

I thought goodwill was more about reputation than just intangibles.

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Celestina

7 months ago

Blue sky is definitely a term used for those intangibles.

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Merlyn

8 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

8 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

8 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

8 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

8 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

8 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

8 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

8 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

8 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

9 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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