Tangible Resources Include

question 55

Multiple Choice

Tangible resources include:

• A) assets that are people-dependent, such as know-how.
• B) assets that can be observed and quantified.
• C) organizational culture.
• D) a firm's reputation.

Understand the importance of determining the types of sources needed for research.

Recognize the variety of resources available in most libraries.

Evaluate the credibility and order of importance of Internet search results.

Distinguish between the credibility of different types of articles.

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Definitions:

Direct Method

A method of allocating service department costs directly to production departments without considering inter-service department flows.

Accounts Receivable

Funds that clients or customers owe to a company for products or services provided but for which payment has not yet been received.

Accounts Payable

Money owed by a company to its suppliers or vendors for goods and services received, representing a liability on the balance sheet.

Direct Method

A financial accounting method that allocates service department costs directly to production departments without considering services rendered between service departments.