Knowledge Can Be a Real Competitive Advantage for an Organization

question 130

True/False

Knowledge can be a real competitive advantage for an organization. The most common form of collective intelligence found inside the organization is knowledge management (KM), which involves capturing, classifying, evaluating, retrieving, and sharing information assets in a way that provides context for effective decisions and actions.

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Definitions:

Estimated Bad Debts

A provision for accounts receivable that are not expected to be collected.

Net Income

The total earnings of a company after deducting all expenses, taxes, and costs from its total revenues, indicating the company's profitability.

Liabilities

Financial obligations or debts that a company owes to others, due to past transactions or events.

Net Assets

The residual interest in the assets of an entity after deducting its liabilities, essentially representing the owners' equity.