Accounting data focus mainly on tangible assets, which are no longer the most important. Elaborate on this statement.
What will be an ideal response?
Accounting data focus mainly on tangible assets, which are no longer the most important. This limitation of accounting data is nicely captured in the adage: "Not everything that can be counted counts. Not everything that counts can be counted." Although accounting data capture some intangible assets, such as the value of intellectual property (patents, trademarks, and so on) and customer goodwill, many key intangible assets are not captured. Today, the most competitively important assets tend to be intangibles such as innovation, quality, and customer experience, which are not included in a firm's balance sheets. Indeed, intangibles that are not captured in accounting data have become much more important in firms' stock market valuations over the last few decades.
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A. bonus B. commission C. merit pay D. piecework
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A) overvalued. B) undervalued. C) very competitive. D) There is not enough information to answer this question.
Which of the following is the first step in the data reduction process?
A. Iteration B. Categorization C. Comparison D. Integration E. Memoing
________ refers to ICT architecture in which users access software applications and information systems remotely over the Internet, rather than locally on an individual PC or from servers in the organization's data center
A) Multiprocessing B) Parallel processing C) Super threading D) Cloud computing