Organizational Memory Refers To

question 115

Multiple Choice

Organizational memory refers to:

• A)its ability to hire more people with good memorization skills.
• B)its level of current knowledge so it can bring in new knowledge from the environment.
• C)its storage and preservation of intellectual capital.
• D)its ability to unlearn knowledge.
• E)its ability to conduct memorable work.

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Definitions:

Carrying Cost

The total cost of holding inventory, including storage, maintenance, and insurance.

Ordering Cost

The expenses incurred in placing and processing orders to suppliers.

EOQ Model

Economic Order Quantity Model, an inventory management formula that determines the optimal order size to minimize the sum of ordering, carrying, and stockout costs.

Inventory Management

The practice of overseeing and controlling the ordering, storage, and use of components or finished goods held in stock.