Knowledge Management Encompasses

question 67

Multiple Choice

Knowledge management encompasses:

• A)An attempt to integrate all the information existing in a country
• B)Only technological processes for managing information
• C)Only beliefs and norms related to technology and knowledge
• D)All ways of generating value from knowledge

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Definitions:

Marginal Cost

The addition to total cost that results from producing one more unit of output.

Diseconomies of Scale

The condition in which a company's costs per unit increase as it produces more units, typically due to inefficiencies that arise with increased size or output.

Diminishing Marginal Returns

A principle stating that as additional units of a variable input are added to a fixed input, the additions to output will eventually decrease.

Law of Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.