Which of the Following Is a Result of the Knowledge

question 11

Multiple Choice

Which of the following is a result of the knowledge explosion?

• A)Government employees are hired on the basis of "merit"
• B)Managers make more informed decisions
• C)Specialists have less power than generalists
• D)Decision-making power is concentrated in a few top executives.

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Definitions:

Factoring Receivables

Factoring receivables is a financial transaction where a business sells its accounts receivable to a third party at a discount to get immediate cash.

Short-Term Credit

Borrowings taken by a company to fulfill its short-term financial needs, typically repaid within a year.

Blanket Inventory Lien

A legal claim on all inventory items of a borrower by a lender as collateral for a loan.

Commercial Paper

A type of unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories.