Which of the Following Statements Is True of Knowledge Management

question 45

Multiple Choice

Which of the following statements is true of knowledge management?

• A) Use of social networking sites such as Facebook or MySpace in organizations hinders knowledge management.
• B) It involves acquiring knowledge, studying problems, attending training, and using technology only within work.
• C) It does not require positions like chief information officer (CIO) and chief learning officer (CLO) as knowledge transfer is spontaneous.
• D) Creating communities of practice and using "after-action reviews" at the end of each project facilitates knowledge management.

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, labor, and both variable and fixed overhead - in the cost of a product.

Net Operating Income

An entity’s income after all operating expenses have been deducted from total revenue, excluding taxes and interest charges.

Variable Costing

A costing method in which fixed manufacturing overhead is not assigned to the product, but rather treated as an expense of the period.

Absorption Costing

is an accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.