Semistructured Information Is All the Knowledge in a Firm That

question 35

True/False

Semistructured information is all the knowledge in a firm that resides in the heads of experienced employees.

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Definitions:

Price Rationing

The process by which the market system allocates goods and services to consumers when quantity demanded exceeds quantity supplied.

Bypass

To go around or avoid an obstacle or regulation, often by using alternative methods or routes.

Costly

Incurring a high expense or requiring considerable resources, often more than expected or desired.

Favored Customers

Those who receive special treatment from dealers during situations of excess demand.