What Is Knowledge

question 139

Multiple Choice

What is knowledge?

• A) Raw facts that describe the characteristics of an event or object.
• B) Data converted into a meaningful and useful context.
• C) Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making.
• D) Skills, experience, and expertise, coupled with information and intelligence, that create a person's intellectual resources.

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Definitions:

Comprehensive Income

A measure of all changes in equity of a company that result from recognized transactions and other economic events of the period other than those resulting from investments by and distributions to owners.

Unrealized Gains

Profits from investments that have increased in value but have not yet been sold for cash.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenues.

Gain Contingencies

Potential increases in assets or decreases in liabilities that may occur as a result of a future event, and which are acknowledged in financial statements if they are probable and can be reasonably estimated.