_____ is the major component of "goodwill," and can be found on a business's balance sheet.
A)Economic capital
B)Social capital
C)Cultural capital
D)Financial capital

Question

Quizplus · Accepted Answer

Social capital refers to the network of relationships and social connections that a business has built up over time, including with customers, suppliers, employees, and other stakeholders. It is intangible and cannot be easily quantified, but it is a crucial component of a business's reputation and the trust that others have in its ability to operate successfully. Social capital is often considered one of the key components of "goodwill," which is the total value of a business's intangible assets. Goodwill appears as an asset on a business's balance sheet.

_____ Is the Major Component of "Goodwill," and Can Be