Knowledge Must Be Transferred to Others in the Firm to Enhance

question 52

Multiple Choice

Knowledge must be transferred to others in the firm to enhance the entrepreneurial competence of the firm. This requires that

• A)the receiving party have adequate absorptive capacity to learn.
• B)the communication process be highly intensive.
• C)the knowledge be broken into the smallest comprehensible units.
• D)training consultants be involved in every step of transference.

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Definitions:

Individual Income Tax

A tax levied on the income of individuals, which varies according to the income levels and other factors.

Proportional Tax

A tax system where the tax rate is fixed and applied uniformly to all taxpayers, regardless of their income level.

Marginal Tax Rate

The percentage of tax applied to your income for each tax bracket in which you qualify, essentially the rate on the last dollar of income earned.

Average Tax Rate

The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), expressed as a percentage.