By Developing a Knowledge Management System, Managers Want to Provide

question 17

Multiple Choice

By developing a knowledge management system, managers want to provide employees with a step by step procedure on how to solve problems. They want to do this because most of their problems are recurring events, and standard procedures work well. This information indicates that the organization is planning to implement a ________ approach to knowledge management.

• A) systems thinking
• B) codification
• C) personalization
• D) learning organization

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Definitions:

Equilibrium Quantity

The level of goods or services being both offered and requested at the market's equilibrium price.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, clearing the market.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the point where the supply and demand curves intersect.

Quantity Demanded

The amount of a good or service that consumers are willing and able to buy at a given price.