The Most Important Benefit of Knowledge Management Systems Is

question 59

Multiple Choice

The most important benefit of knowledge management systems is:

• A) They improve customer service.
• B) They make best practices available to employees.
• C) They enable the organization to retain scarce knowledge when employees retire.
• D) They improve employee morale.
• E) They make product development more efficient.

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Definitions:

Premium on Bonds Payable

The amount by which the cash received from issuing bonds exceeds their face value, signifying an interest rate lower than the market rate.

Adjunct Liability Account

An account that is associated with a liability and increases its amount, unlike a contra liability account which reduces it.

Call Option

A financial contract giving the buyer the right but not the obligation to buy an asset at a specified price within a certain period.

Bonds

Financial instruments representing a loan made by an investor to a borrower, typically corporate or governmental, where the borrower commits to paying back the principal along with interest.