The Knowledge-Based View of the Firm Is a Theoretical Model

question 2

Multiple Choice

The knowledge-based view of the firm is a theoretical model of the firm as:

• A)An assembly of knowledge assets which create value by deploying their knowledge
• B)An assembly of human assets which create value by deploying their knowledge
• C)An assembly of knowledge assets where value is created by information systems
• D)An extension of the I/O model based on the deployment of knowledge assets

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Definitions:

Industries

Sectors of the economy that are categorized based on their primary business activities, such as technology, manufacturing, and services.

Labor To Capital Ratio

The ratio measuring the relative amounts of labor and capital used in the production process.

Labor Productivity

The measurement of economic growth within a country, which represents the amount of goods and services produced by one hour of labor.

Increases

A term denoting a rise or growth in quantity, size, intensity, or level of something.