Which of the Following Is Not True About Knowledge in the Business

question 20

Multiple Choice

Which of the following is not true about knowledge in the business environment?

• A) It is the same as data and information.
• B) It is the value added from shared information.
• C) It includes both quantitative and qualitative information.
• D) It must be managed in order for a company to remain competitive.

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Definitions:

Consolidated Financial Statements

Financial statements that combine the financial information of a parent company with its subsidiaries to present a single set of statements for the entire group.

FVTPL

Fair Value Through Profit or Loss, an accounting strategy whereby financial assets are valued at their current market price, with changes in fair value recorded in the profit or loss statement.

Equity Method

An accounting technique used by a company to record its investment in another company when it has significant influence but not complete control.

Unrealized Gains And Losses

Gains and losses that have occurred on paper, but the corresponding financial assets have not yet been sold or realized.