One Step in Developing a Knowledge Management System Is to Create

question 22

Multiple Choice

One step in developing a knowledge management system is to create a visual map that describes units of knowledge and the relationships between them. In creating a knowledge management system focused on internal control, such a map might include which of the following?

• A)COSO framework
• B)CoBIT framework
• C)Both A and B
• D)Neither A nor B

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Definitions:

Profit Margin

A financial metric that measures the percentage of revenue that exceeds the cost of goods sold, indicating the profitability of a company.

Income From Operations

Income from operations is the profit realized from a business's core operations, excluding any earnings from investments, taxes, or special items.

Invested Assets

Resources or funds committed to ventures with the expectation of earning a return, typically includes financial investments like stocks and bonds.

Investment Turnover

The ratio of net sales to average investment, measuring how effectively investments are used to generate sales.