Identify the firm below where employees' knowledge is likely to be more valuable than the value of a company's tangible assets.
A) international airline
B) law firm
C) automobile manufacturer
D) railroad

Question

Quizplus · Accepted Answer

In a law firm, the primary asset is the knowledge and expertise of the attorneys and legal staff. The value of the firm is based on their ability to provide legal advice and services, rather than tangible assets such as planes, cars, or railroad tracks. Therefore, employees' knowledge is likely to be more valuable than the value of the company's tangible assets in a law firm.

Identify the Firm Below Where Employees' Knowledge Is Likely to Be