Intellectual Capital Represents the Stock of Knowledge Held by an Organization

question 136

True/False

Intellectual capital represents the stock of knowledge held by an organization.

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Definitions:

Implied Ratification

Acceptance or approval of an act or agreement by behavior that suggests agreement, without express confirmation.

Principal's Rights

The legal rights attributed to the principal in an agency relationship, including the right to direct and control the agent's conduct in matters within the scope of the agency.

Imputation

The attribution of responsibility or blame to someone, particularly for legal or financial purposes.

Actual Authority

Legal authority granted to an agent by a principal, either explicitly or implicitly, enabling them to perform actions on behalf of the principal.