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:

Discount Period

The time frame during which a payment can be made at a reduced rate, often related to invoice payments.

Credit Terms

The conditions under which credit will be extended to a customer, including the repayment period and any interest charges.

Merchandise

Goods that a company buys for resale to customers, encompassing a wide range of items sold by retailers.

Normal Credit Balance

The expected balance on the credit side of an account, indicating an increase in liabilities, revenue, or equity.