Knowledge of How to Close a Sale Is an Example

question 55

True/False

Knowledge of how to close a sale is an example of tacit knowledge that cannot be easily captured.

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Definitions:

Return On Equity Ratio

A measure of a corporation's profitability that reveals how much profit a company generates with the money shareholders have invested.

Management Effectiveness

The degree to which managerial actions achieve the desired outcomes and objectives through efficient resource use.

Sole Proprietorships

A type of enterprise that is owned and operated by a single individual, with no legal distinction between the owner and the business.

Partnerships

A formally approved business entity where several individuals come together to share in the management and the financial gains.