Expertise and Experience of Organizational Members That Has Not Been

question 13

Multiple Choice

Expertise and experience of organizational members that has not been formally documented best describes

• A) wisdom.
• B) information.
• C) data.
• D) tacit knowledge.

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Definitions:

Indexed Equity Mutual Fund

An equity mutual fund that holds a portfolio of stocks that matches their share (or weight) in a broad stock market index such as the S&P 500. The overhead of these funds is usually quite low because their expenses on stock trading and research are low.

Managed Equity Fund

An investment fund in which a manager or management team makes decisions about how to allocate assets in a portfolio of equities.

Operating Costs

Refers to the day-to-day expenses involved in running a business, such as rent, utilities, and payroll.

Random Walk Theory

The theory that current stock prices already reflect known information about the future. Therefore, the future movement of stock prices will be determined by surprise occurrences. This will cause them to change in a random fashion.