CHAPTER 1 MANAGEMENT TODAY Question type: True/False 1) Intellectual capital is a personal asset for individuals. Answer: True Learning Objective 1: Summarize the challenges of developing and maintaining career readiness in the new economy Section Reference: 1.1 Working Today Bloom‘s: Knowledge Difficulty: Easy AACSB: Analytic 2) Intellectual capital is defined as the collective and shared knowledge of an organization‘s workforce. Answer: True Learning Objective 1: Summarize the challenges of developing and maintaining career readiness in the new economy Section Reference: 1.1 Working Today Bloom‘s: Application Difficulty: Medium AACSB: Analytic 3) Intellectual capital = Competency x Commitment. Answer: True Learning Objective 1: Summarize the challenges of developing and maintaining career readiness in the new economy Section Reference: 1.1 Working Today Bloom‘s: Knowledge Difficulty: Easy AACSB: Analytic