The Purpose of Knowledge Management in a Business Is to

question 45

Multiple Choice

The purpose of knowledge management in a business is to

• A) enlarge the knowledge in an organisation.
• B) enlarge the business itself.
• C) improve performance and organisational competitiveness.
• D) improve the skills of staff.

---

Definitions:

Net Income

Net income, also known as net profit, is the total earnings of a company after subtracting all expenses, taxes, and costs from total revenue.

Sales Tax

A tax imposed by a government on the sale of goods and services, typically a percentage of the retail price paid by the consumer.

Multiple-Step Income Statement

A multiple-step income statement is a detailed financial report that separates operating revenues and expenses from non-operating ones to calculate net income in several steps or segments.

Other Revenue

Revenue from sources other than the primary operating activity of a business.