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:

Liquidation

The procedure of concluding a company's operations and allocating its resources among those who have claims.

Conservatism

An accounting principle that requires potential expenses and liabilities to be recognized immediately, but revenue only when it is ensured.

Chapter 7 Bankruptcy

A type of bankruptcy that involves the liquidation of a debtor's assets to repay creditors, under the U.S. Bankruptcy Code.