Which of the following statements is true of intellectual capital?
A) The value of an organization's intellectual capital is best reflected in conventional accounting reports.
B) Intellectual capital consists of all the intangible assets of an enterprise that contribute to its competitive advantage.
C) Intellectual capital is hard to distinguish from other sources of capital owned by an organization.
D) Intellectual capital does not include the knowledge stored as documentation about business processes, procedures, policies, contracts, and patents.
B
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In the context of marketing planning,__________provides the mechanisms for evaluating marketing results in light of the plan's objectives, and for correcting actions that do not help the organization reach those objectives within budget guidelines
Fill in the blanks with correct word.
Which of the following phrases will an auditor most likely include in the auditor's report when expressing a qualified opinion because of inadequate disclosure?
a. Subject to the departure from generally accepted accounting principles, as described above. b. Wth the foregoing explanation of these omitted disclosures. c. Except for the omission of the information. d. Does not present fairly in all material respects.