After Attending a Seminar on the Importance of Knowledge Management

question 4

Multiple Choice

After attending a seminar on the importance of knowledge management, the managers of TCH Corporation developed a set of objectives their knowledge management system should address. As their next step, the managers should:

• A)Lay out database specifications for the system.
• B)Interview employees to determine their level of knowledge and misunderstanding of organizational processes.
• C)Both A and B.
• D)Neither A nor B.

---

Definitions:

Total Debits

The sum of all debit entries in an account, which can represent increases in assets or expenses, and decreases in liabilities, equity, and income.

Total Credits

The sum of all credit entries in an accounting system, representing the total amount by which liabilities, equity, and revenue accounts increase.

Trial Balance

An accounting report that lists the balances of all ledgers accounts in order to ensure that total debits equal total credits.

Financial Transaction

A financial transaction refers to an agreement, or communication between a buyer and seller to exchange an asset for payment. It involves a change in the status of the finances of two or more businesses or individuals.