Physical and Financial Assets Have Become More Important Than Knowledge

question 44

True/False

Physical and financial assets have become more important than knowledge assets in many organizations.

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Definitions:

Commercial Building

A structure designed for business activities, which can include offices, retail shops, warehouses, or other premises used for commercial purposes.

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, treating the parties as if a contract exists, even though one does not.

Unjustly Enriched

A legal concept referring to a situation where a person or entity benefits at another’s expense without a legal justification, often leading to restitution.

Stated Price

The specific price that is set and declared in a contract or agreement for goods or services.