Knowledge Management Is an Extension Of

question 45

Multiple Choice

Knowledge management is an extension of:

• A)traditional accounting methods of measuring corporate assets.
• B)the organizational learning perspective of organizational behaviour.
• C)microeconomic principles of supply and demand.
• D)the efficiency model of industrial engineering.
• E)None of the answers apply.

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Definitions:

Elasticity of Demand

A gauge of the responsiveness of the amount of a product consumers want to buy to shifts in its price, evidencing how changes in cost affect demand.

Midpoint Method

A technique used in economics to calculate the elasticity of demand or supply, offering an average percentage change between two points to minimize bias.

Elastic

A term describing the responsiveness of the quantity demanded or supplied of a product when its price changes.

Elasticity

The degree to which the quantity demanded or supplied of a good or service changes in response to a change in price.