Intellectual Capital Can Be Defined As

question 5

Multiple Choice

Intellectual capital can be defined as:

• A) the concentration of wealth in technologically advanced countries.
• B) the use of new ideas to create a competitive advantage by producing high quality products.
• C) the development of an organisational training program to increase information learning.
• D) the shared knowledge of a workforce that can be used to create wealth.
• E) a plan to promote higher education through annual fund raising events.

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Definitions:

Aggregate Plans

Aggregate plans are company-wide plans that are laid out for production, inventory levels, and workforce size to meet fluctuating demand in the most cost-effective manner.

Capacity

Refers to the maximum level of output that a company can sustain to make a product or provide a service.

Inventory

The goods and materials a business holds for the ultimate goal of resale or production.

Backlog Costs

Expenses associated with delays in order fulfillment, including storage, labor, and potential sales loss costs, when demand exceeds production capacity.