The First Step in Developing a Knowledge Management System Is

question 157

Multiple Choice

The first step in developing a knowledge management system is to:

• A)empower employees to make their own decisions and accept the consequences.
• B)obtain the necessary information system technologies.
• C)recognize that perfect information is not readily available in all organizations.
• D)determine what knowledge is most important to the organization.

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Definitions:

Photography Department

A specialized division within a company or institution focused on photographic services, including taking, editing, and selling photographs.

Revenue

The total amount of money earned by a company from its business activities, such as the sale of goods and services, before any expenses are deducted.

Departmental Income Statements

Financial statements that show the operating results of each department within a company, highlighting revenues and expenses.

Profit Center

A branch or division of a business that is responsible for generating its own revenue and profit.