Intellectual Capital Is the Skill and Knowledge Possessed by ______

question 53

Multiple Choice

Intellectual capital is the skill and knowledge possessed by ______.

• A) the small business owner
• B) the small business consultant
• C) the small business employees
• D) the banker for a small business

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Definitions:

Accounts Receivable

Money owed to a company by its customers for products or services that have been delivered but not yet paid for.

Accrued Liabilities

Expenses that have been incurred but not yet paid, recognized on the balance sheet for financial reporting purposes.

Quality Of Income Ratio

A ratio that indicates the proportion of income that has been realized in cash and thus gives an idea of the company's cash flow condition.

Accrual Of Revenue

The recognition of income by a business at the time the revenue is earned, not necessarily when cash is received.