The Following Statements About Knowledge Management (KM) Are True Except

question 10

Multiple Choice

The following statements about knowledge management (KM) are true except:

• A) KM is a well defined body of knowledge with an established theoretical base.
• B) KM is a systematic process for acquiring, creating, synthesizing, sharing, and using information.
• C) Many organizations have KM initiatives underway and spending on these systems is expected to increase.
• D) Many organizations believe KM is just a fad or a buzzword
• E) KM is one of the three approaches the text points to for improving the likelihood of IT project success.

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Definitions:

Perfect Substitutes

Two goods for which consumers are completely indifferent as to which to consume, meaning the consumption of one good can fully replace consumption of the other.

Perfect Complements

Goods that are often consumed together in fixed proportions, such that demand for one increases demand for the other.

Cardinal Utility Functions

Utilize numerical values to represent the level of satisfaction or utility that consumers derive from different bundles of goods and services.

Ordinal Utility Functions

A representation of a consumer's preference ranking for different bundles of goods, without specifying the exact level of satisfaction.