An Organization's Financial,physical,human,and Intangible Assets Are Known as Its ________

question 43

Multiple Choice

An organization's financial,physical,human,and intangible assets are known as its ________.

• A)resources
• B)capabilities
• C)opportunities
• D)core competencies

Understand the processes involved in changing laws and the importance of legal compliance.

Distinguish between different types of law (e.g., common law, statutory law, administrative law) and their sources.

Analyze the factors influencing judicial decisions, including but not limited to legal precedents and societal impacts.

Recognize the significance of critical thinking in analyzing case law and legal issues.

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Definitions:

Government Regulation

The laws, rules, and guidelines established by governmental bodies intended to control or manage specific activities or industries.

Legal Entity

An organization that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued; can be a corporation, partnership, individual, or any other formal entity.

Authorized Shares

The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation.

Articles of Incorporation

The legal documents filed with a state government to officially start a corporation, outlining basic details like the corporation's name, purpose, and stock information.