Intellectual Capital Refers to The

question 78

Multiple Choice

Intellectual capital refers to the:

• A)total spending on training and development of employees.
• B)total number of employees in the organization.
• C)total cost of computers and other 'intelligent' machines in the organization.
• D)stock of knowledge that resides in an organization.
• E)cost of hiring a typical employee.

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Definitions:

Static Planning Budget

A budget based on a fixed level of activity and does not change in response to variations in activity levels.

Patient-visits

A metric used in healthcare management to denote the number of times patients visit or are seen by healthcare providers.

Activity Variances

The differences between the expected costs based on the predetermined overhead rate and the actual costs incurred.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.