For Many Organisations, the Value of Intellectual Assets

question 35

Multiple Choice

For many organisations, the value of intellectual assets:

• A)is over-stated
• B)increases in direct proportion to increases in an organisation's training budget
• C)increases in direct proportion to increases in the cost of materials and labour
• D)far exceeds the value of physical and financial assets
• E)is acknowledged in archival data, especially accounting records

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Definitions:

Accountability

Accountability in organizational contexts involves the obligation of individuals or entities to explain and accept responsibility for their actions, decisions, and outcomes.

Integration

The process of combining or coordinating separate parts or elements into a unified whole, often used in reference to systems, organizations, or societal contexts.

Senior Leadership

Refers to the highest level of management within an organization, responsible for strategic decisions and leading the organization towards its objectives.

Cultures

The collective norms, values, customs, and practices that define a group or society.