Which of the Following Statements Is Not an Accurate Description

question 70

Multiple Choice

Which of the following statements is not an accurate description of the importance of knowledge to a firm?

• A) Knowledge experiences network effects as more people share it.
• B) Knowledge should be seen as an intangible key asset.
• C) Knowledge enables firms to become more efficient in their use of scarce resources.
• D) Knowledge is unconditional.

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Definitions:

Loans

Borrowed sums of money that need to be repaid with interest over a predetermined period.

Depository Institution

A financial institution that accepts deposits from the public and provides credit facilities.

Credit Union

A member-owned financial cooperative that is created and operated by its members and provides credit at competitive rates as well as other financial services to its members.

Financial Institutions

Organizations such as banks, credit unions, and finance companies that provide a range of financial services including loans, deposits, and investments.