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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:
Suggested Answer: A
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36 comments · newest first
LO
Lorrine
11 months ago
Goodwill is the right term for customer relationships, I agree!
JO
Joye
11 months ago
Wait, are we really calling these things "blue sky"? Sounds kinda vague.
TI
Tiara
11 months ago
A or B seems like a safe bet!
JE
Jesusa
12 months ago
I thought goodwill was more about reputation than just intangibles.
CE
Celestina
12 months ago
Blue sky is definitely a term used for those intangibles.
ME
Merlyn
1 year 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.
PA
Pamella
1 year 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.
SH
Shelia
1 year ago
I practiced a similar question where "goodwill" was definitely mentioned as an intangible asset, so I’m leaning towards option B.
AN
Andree
1 year 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."
LE
Lelia
1 year 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.
CA
Catarina
1 year 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.
JA
Jamika
1 year 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.
ER
Erick
1 year 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.
JO
Jonell
1 year 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.
CH
Chi
1 year 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.
CA
Caren
1 year 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.
CA
Carmelina
1 year ago
I agree with D) A or B.
AM
Amie
1 year ago
I believe it's C) Patents.
JA
Janessa
1 year ago
I'm going with B) Good will.
EL
Eliseo
1 year ago
I think it's A) Blue sky.
GA
Gayla
1 year 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.
SH
Shawnta
1 year ago
User 3: I think choosing option D is a safe bet.
BR
Brandon
1 year ago
User 2: I agree, they can give a company a competitive edge.
ED
Eden
1 year ago
User 1: Blue sky and goodwill are important for a business.
SI
Simona
2 years 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.
BE
Beckie
1 year ago
I would go with B) Good will as well.
TR
Tresa
1 year ago
I agree with D) A or B.
TO
Tomas
1 year ago
I believe it's B) Good will.
DA
Dahlia
1 year ago
I think it's A) Blue sky.
ME
Melina
2 years ago
Blue sky? What's that, a sunny day? I'll go with B, goodwill, seems more relevant to the question.
JA
Jaime
1 year ago
I agree with you, I'll go with B) Good will.
VA
Vallie
1 year ago
I think it's A) Blue sky.
WI
Wilburn
2 years ago
I think the correct answer is D. Both blue sky and goodwill are considered intangible assets.
TY
Ty
2 years ago
I'm not sure, but I think it could also be A) Blue sky because it represents the potential value of those intangibles.
AM
Amie
2 years ago
I agree with Jacquelyne, Good will makes sense for intangibles like trained workforce and customer relationships.
JA
Jacquelyne
2 years ago
I think the answer is B) Good will.